OPEC

[ oh-pek ]

/ ˈoʊ pɛk /

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noun

an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.

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Origin of OPEC

O(rganization of) P(etroleum)E(xporting)C(ountries)

Words nearby OPEC

opaque projector, op art, OPC, op. cit., ope, OPEC, Opechancanough, Op-Ed, Opelika, Opelousas, open

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use OPEC in a sentence

This is a remarkable squandering of resources for this OPEC nation with one of the largest proven reserves.
What Venezuela Can Learn From Miss Universe|Mac Margolis|November 13, 2013|DAILY BEAST
And that means the U.S. needs to import less oil—especially from OPEC countires.
Increasing Oil Production in the U.S. Sparks Less OPEC Reliance|Miranda Green|July 12, 2013|DAILY BEAST
The U.S. has long imported much more than it exported, especially oil from OPEC countries and goods from China.
America Is Not Doomed|Daniel Gross|July 7, 2013|DAILY BEAST
But the more powerful members of OPEC don't seem willing to go along.
Fracking is Pitting OPEC Members Against Each Other. It Couldn't Happen to a Nicer Bunch of Cartel Members.|Megan McArdle|May 29, 2013|DAILY BEAST

OPEC meets in Vienna on Friday, a meeting that will, according to the Wall Street Journal, be a mite testy.
Fracking is Pitting OPEC Members Against Each Other. It Couldn't Happen to a Nicer Bunch of Cartel Members.|Megan McArdle|May 29, 2013|DAILY BEAST

British Dictionary definitions for OPEC

OPEC

/ (ˈəʊˌpɛk) /

n acronym for

Organization of Petroleum-Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum. Its members are Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Ecuador and Gabon were members but withdrew in 1992 and 1995 respectively

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012