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's Badri expects OPEC to lower output target
    By Shadia Nasralla and Michael Shields VIENNA (Reuters) - OPEC's secretary general said he expected the group to lower its oil output target when it meets in late November, which would be its first formal output cut since the 2008 financial crisis. Abdullah al-Badri was speaking after meeting Russian Energy Minister Alexander Novak on Tuesday. Oil dropped belo Read more on this news related to 'OPEC'
  • OPEC Supply Risks Mount as Biggest Libyan Field Is Halted
    Oil prices “always fluctuate and this is normal,” Ali Al-Naimi, minister of petroleum and mineral resources of Saudi Arabia, told reporters in Kuwait on Sept. 11. Read more on this news related to 'OPEC'
  • OPEC's Badri Sees Lower Output Target
    OPEC's secretary general said he expected the group to lower its oil output target when it meets in late November, which would be its first formal output cut since the 2008 financial crisis. Read more on this news related to 'OPEC'

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