ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does OPEC stand for?
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Organization of Petroleum Excelling Countries
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Oil Producing of the Equilibrium Countries
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Organization of Petroleum Exporting Countries
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Output Petroleum Equalizing Countries
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Explanation:
Detailed explanation-1: -India is the world’s 3rd largest importer of crude oil behind only the United States and China. Our imports from OPEC countries constitute 85 percent of our total crude imports and 94 percent of the gas imports.
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