Synonyms for

Opec

Verb / ˈəʊˌpek / Another word for opec — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

OPEC stands for the Organization of the Petroleum Exporting Countries, which is a group of countries that work together to regulate the production and price of oil.

Synonyms & similar words

organizationofpetroleumexportingcountries opec

Example sentences

  1. OPEC countries control a significant amount of the world's oil supply.
  2. Oil prices have been affected by decisions made by OPEC.
  3. OPEC meetings can have a big impact on the global economy.
  4. The United States is not a member of OPEC.
  5. Some countries rely heavily on exports to OPEC nations.

Quotes

  • 'OPEC has a monopoly', said everyone who's never heard of the entire country of Canada. - @mattytalks
  • OPEC's success in balancing supply and demand is far from guaranteed. - @JLeeEnergy
  • OPEC's decisions are a reflection of the geopolitics of oil. - @AmyJaffeenergy

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