One objective of the organisation of petroleum exporting countries (OPEC) is to?

A. harmonize and stabilize oil prices
B. ensure excess supply of oil to consuming countries
C. subsidize oil prices in member countries
D. assist member countries to exploit oil resources

Correct Answer: Option A

A. harmonize and stabilize oil prices

Explanation

OPEC’s objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.