one objective of organisation of patroleum exporting countries (OPEC) is to?
Answer Details
One objective of the Organization of the Petroleum Exporting Countries (OPEC) is to harmonize and stabilize oil prices. OPEC is an intergovernmental organization made up of countries that are major oil producers. The organization's main goal is to regulate the supply of oil in order to maintain stable and predictable oil prices. This is done by setting production quotas for member countries and coordinating their oil production policies. By controlling the supply of oil, OPEC aims to prevent sharp price swings and ensure stability in the global oil market.