Which of the following is/are not the part of Organization of the Petroleum Exporting Countries (OPEC)?
A. Iran
B. Nigeria
C. Russia
D. Venezuela
Explanation:
The price of Brent crude has fallen under $63 per barrel from a high of $70 per barrel in early March on the back of growing fears about a fall in demand due to new travel restrictions to combat a resurgence in Covid-19 infections and increasing crude oil supply. The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of 13 countries. The current OPEC members are the following: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela.
