OPEC is an organization of countries that produce oil. It tries to develop a common policy and system of prices. OPEC is an abbreviation for 'Organization of Petroleum-Exporting Countries'.
Each member of OPEC would seek to maximize its own production.
OPEC in British English
(ˈəʊˌpɛk)
noun acronym for
Organization of the Petroleum Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum
OPEC in American English
(ˈoʊˌpɛk)
noun
Organization of Petroleum Exporting Countries: an association of major oil-producing nations which seeks to control crude-oil prices by setting production limits for each member nation
Examples of 'OPEC' in a sentence
OPEC
And if I don't, we've got a music critic with more pipelines than OPEC.
Goldsborough, Robert MURDER IN E MINOR
Chinese translation of 'OPEC'
OPEC
(ˈəupɛk)
n abbr
(= Organization of Petroleum-Exporting Countries) 石油输(輸)出国(國)组(組)织(織) (Shíyóu Shūchūguó Zǔzhī)