Intl. oil cartel LA Times Crossword Clue Puzzle Answer from June 26, 2024

Intl. oil cartel LA Times Crossword Clue Answer

Let’s find the answers to Intl. oil cartel LA Times for the June 26, 2024 edition of LA Times crossword puzzle. Answer Contains 4 letters. Start with O and end with C, and the possible solutions are OTEC, OTIC, OPEC.

The answer is OPEC

OPEC, or the Organization of the Petroleum Exporting Countries, is an international cartel consisting of 13 member countries as of now. Its primary objective is to coordinate and unify petroleum policies among its members to ensure fair and stable prices for petroleum producers.

Established in 1960, OPEC wields significant influence over global oil prices through production quotas and policy decisions. Its decisions can impact global economies, as oil remains a crucial energy source worldwide. OPEC meetings and decisions often attract global attention due to their potential implications for energy markets and geopolitical stability.

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