Organization of Petroleum Exporting Countries

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noun

OPEC.

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Words nearby Organization of Petroleum Exporting Countries

Organization for Economic Cooperation and Development, Organization for European Economic Cooperation, organization man, Organization of African Unity, Organization of American States, Organization of Petroleum Exporting Countries, organize, organized, organized labor, organized militia, organizer

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use Organization of Petroleum Exporting Countries in a sentence

There are reasons that European countries tend to avoid fluoride.
Anti-Fluoriders Are The OG Anti-Vaxxers|Michael Schulson|July 27, 2016|DAILY BEAST
According to Pew, 14 of the 20 countries in the Middle East and North Africa have blasphemy laws.
In Defense of Blasphemy|Michael Tomasky|January 9, 2015|DAILY BEAST
We do see that a few European countries have them on the books: Germany, Poland, Italy, Ireland, a couple more.
In Defense of Blasphemy|Michael Tomasky|January 9, 2015|DAILY BEAST
Thus, more time is spent organization and obtaining ones free of failings.
Design Your Own Dinosaur: The Era of Custom DNA|Justin Jones|January 8, 2015|DAILY BEAST

Rates are thought to be similar in developed countries around the world.
How Skinny Is Too Skinny? Israel Bans ‘Underweight’ Models|Carrie Arnold|January 8, 2015|DAILY BEAST
The reformers of the earlier period were not indifferent to the need for centralized organization in the banking system.
Readings in Money and Banking|Chester Arthur Phillips
The countries about the eastern part of the Mediterranean Sea and its adjoining waters.
Gulliver's Travels|Jonathan Swift
The lack of bill buyers in foreign countries who will quote as low rates on dollar as on sterling bills.
Readings in Money and Banking|Chester Arthur Phillips
He shall pass into strange countries: for he shall try good and evil among men.
The Bible, Douay-Rheims Version|Various
And now I am going on to a review of the broad facts of the educational organization of our present world.
The Salvaging Of Civilisation|H. G. (Herbert George) Wells

Cultural definitions for Organization of Petroleum Exporting Countries

Organization of Petroleum Exporting Countries

An organization of about a dozen nations that sell oil to other nations. The purpose of OPEC, a cartel, is to control the production of oil and to establish favorable oil prices for the member nations. Most OPEC countries, such as Libya and Saudi Arabia, are in the Middle East or northern Africa, but Indonesia and Venezuela are members as well.

notes for Organization of Petroleum Exporting Countries

OPEC was formed in the early 1960s but had little impact before 1973. Then, to punish the United States and several Western nations for supporting Israel in a war against Egypt (see also Egypt) and Syria (see Arab-Israeli conflict), the Arab members of OPEC placed an embargo on the sale of oil to the United States and some of its allies. The result was a severe gasoline shortage and a recession in Western nations, especially in Europe, Canada, and the United States. Since then the price of oil has fluctuated, partly because OPEC members have had difficulty agreeing on and policing a common pricing policy.