OPEC

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OPEC Meaning and Definition in Dictionary

Definitions from Wordnet 2.0


  • an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

Definitions from Wiktionary


  • an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

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OPEC Meaning and Definition in Wikipedia


The Organization of the Petroleum Exporting Countries (OPEC) is an international organization. Since 1965, the headquarters of OPEC is in Vienna, Austria.

12 countries are members of OPEC. The names of these countries are:



OPEC Sample Sentences in News


  • Libya OPEC Governor Says Group Must Cut Daily Oil Output
    OPEC needs to reduce crude output by at least 500,000 barrels a day, Libya’s governor to the group said, the first time since prices plunged into a bear market that a member of the organization has suggested how much production should be cut. Read more on this news related to 'OPEC'
  • OPEC needs oil cut of at least 500,000 bpd-Libyan OPEC governor
    (Refiles to add dropped word from third bullet point) * Oil market is oversupplied by about 1 million bpd-official * Others in OPEC are sympathetic to Libya's troubles * OPEC meets on Nov 27, few calls for output cut By Alex Lawler LONDON, Oct 22 (Reuters) - OPEC should cut its oil output by at least 500,000 barrels per day (bpd), a Libyan oil official said, t Read more on this news related to 'OPEC'
  • No Surprise: OPEC Country ETFs Crushed by Oil’s Slide
    Twelve countries are members of the Organization of Petroleum Countries (OPEC), the cartel that accounts for about 40% of global oil output and looms large when it comes to setting prices of the commodity. ... Read more on this news related to 'OPEC'

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