What closely related to the purpose of opec?

Answer 1

OPEC, the Organization of the Petroleum Exporting Countries, aims to coordinate and unify the petroleum policies of its member countries to ensure the stabilization of oil markets. This helps secure a steady income for oil-producing nations and ensures a fair supply of oil to consumers. Additionally, OPEC seeks to maintain oil price stability and reduce the volatility that can arise from supply and demand fluctuations. Ultimately, its purpose is to promote cooperation among member states and manage global oil production effectively.