Many of the oil-producing countries of the world organized themselves into a cartel to regulate the production and the pricing of oil: this cartel is called the:
A)Organization of Oil Producing Countries (OOPC).
B)Oil Producing Countries United (OPCU).
C)Organization of Petroleum Exporting Countries (OPEC).
D)Petroleum Producing Countries United (PPCU).
E)Association of Petroleum Exporting Countries (APEC).

Question

Quizplus · Accepted Answer

The correct name of the oil-producing countries' cartel is the Organization of Petroleum Exporting Countries (OPEC).

Many of the Oil-Producing Countries of the World Organized Themselves