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

Verified Answer :

DHold about 40% of the worlds oil.

Answer:

  D. Hold about 40% of the world´s oil

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.

  I hope this answer helps you.