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


  • OPEC output hits highest since Oct.
    OPEC oil supply has jumped in March to its highest since October, a Reuters survey found. Read more on this news related to 'OPEC'
  • OPEC oil output hits highest since October on Iraq, Saudi
    * Supply rises by 560,000 bpd, led by Iraq * Saudi Arabia boosts output, responding to higher demand * Output 630,000 bpd above OPEC's target By Alex Lawler LONDON, March 31 (Reuters) - OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters s Read more on this news related to 'OPEC'
  • TABLE-OPEC oil output rises 560,000 bpd in March
    March 31 (Reuters) - The following table shows OPEC crudeoil output in millions of barrels per day (bpd) in March andFebruary, according to a Reuters survey published on Tuesday. The survey shows output from the Organization of thePetroleum Exporting Countries has risen by 560,000 bpd in March,above its target of 30 million bpd. OPEC at a meeting on Nov. 27 agreed Read more on this news related to 'OPEC'

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