OPEC stands for the Organization of the Petroleum Exporting Countries, which is a coalition of oil-producing countries that work together to coordinate and unify petroleum policies. OPEC was founded in 1960 to ensure the stabilization of oil markets, secure a steady income for oil-producing nations, and provide a reliable supply of petroleum to consumers.
A. Promoting renewable energy as a substitute for oil
B. Supporting global efforts to curb emissions through production cuts
C. Ignoring environmental concerns and focusing on oil production
D. Actively investing in carbon capture technology
A. Canada
B. United States
C. Russia
D. India
A. Iraq
B. Saudi Arabia
C. Venezuela
D. Kuwait
A. Oil exploration projects
B. OPEC oil production agreements
C. Energy transition policies
D. Investments in alternative energy
A. A group of alternative energy sources used by OPEC members
B. A basket of different crude oil types produced by OPEC members
C. A strategy to reduce reliance on fossil fuels
D. A tool for pricing refined oil products
A. Russia
B. Mexico
C. Oman
D. Brazil
A. To control the price of oil worldwide
B. To encourage competition between member countries
C. To ensure fair distribution of oil among member countries
D. To prevent the overproduction of oil and stabilize prices
