Question

Members of OPEC _____.

A.only allow one new member per year
B.share oil only amongst other OPEC members
C.hold over half of the world's oil
D.hold about 40% of the world's oil

Answer 1

D. Hold about 40% of the worlds oil.

Answer 2

D. Hold about 40% of the world´s oil

Step-by-step explanation:

OPEC is the acronym for Organization of the Petroleum Exporting Countries. It is an intergovernmental organization of 14 countries founded in 1960. These nations had approximately 44% of the global oil production and 81.5% of the world´s estimated oil reserves. The OPEC had a major influence on oil prices.

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