Question

OPEC was formed in the 1960s in response to oil companies __________.
A.
increasing the oil supply
B.
lowering oil prices
C.
raising royalty payments
D.
stealing oil

Answer 1

Answer:

option- D

Explanation:

The Organization of the Petroleum Exporting Countries (OPEC) is a group consisting of 14 of the world's major oil-exporting nations. OPEC was founded in 1960 to coordinate the petroleum policies of its members and to provide member states with technical and economic aid.

Answer 2

Answer :A. increasing the oil supply

Explanation:

hen OPEC was formed in 1960, its main goal was to prevent its concessionaires—the world's largest oil producers, refiners, and marketers—from lowering the price of oil, which they had always specified

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