What does OPEC stand for?

Organization of the Petroleum Exporting Countries (OPEC) is aimed to coordinate the petroleum policies of the Member Countries. The organization also deals with the delivery of petroleum to consumers, its efficiency and regularity. One of the goals is also to keep the supply of petroleum to consumers economic and let all the producers have a permanent income. OPEC monitors the world market in order to control the amount of oil produced. This helps to keep the stable prices and supply.

More Info: www.opec.org

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41 Comments

James Mohn

Actually, none of the answers are correct. OPEC is the Organization of Petroleum Exporting Countries. Not Organization of THE Petroleum Exporting Countries. Trivial, but it makes none of the answers correct. tsk tsk

William Laughlin

David Kloete James Mohn is wrong, so it is NOT such great attention to detail. It is quite the opposite. If you go to the official web site of OPEC, you will see that it is indeed Organization of the Petroleum Exporting Countries. http://www.opec.org/opec_web/en/

Bill Coe

William Laughlin Damn you, WIlliam Laughlin. A DOZEN sites show it without "THE". And then you come along spouting dangerous logic and a reference to the definitive site, OPEC itself. Good research.

Raymond Cardona

The correct answer was NOT given, the proper title is the Organization of Petroleum Exporting Countries!!! Bonnie

Angel Palacios Zea

The explanation is very short

Chandran David

I think a few member countries of this Organization was instrumental in escalating tension in the Middle East during 70s & 80s .

Andrew Buchanan

Absolutely right - I don’t generally like to criticise but that was a very poor set of possible answers, and, as you say, even the ‘right’ answer was ‘wrong’.