OPEC is a permanent intergovernmental organization that was formed at the Baghdad Conference, held on September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Today, with 14 Member Countries, “OPEC’s objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry” (OPEC, 2018). The correct answer is B.