Synonyms for opec
ˈoʊ pɛkopec

Princeton's WordNet

1. Organization of Petroleum-Exporting Countries, OPECnoun

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

Matched Categories

1. • Oil Cartel
   • World Organization

Suggested Resources

1. OPEC

   What does OPEC stand for? -- Explore the various meanings for the OPEC acronym on the Abbreviations.com website.

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How to use opec in a sentence?

1. Ryan Detrick:

   It's not like stocks are getting a major bounce. It's a little stop of the bleeding. We're taking our breath and focusing on the oil market, oil is the bigger story today with the OPEC news.

2. Takashi Tsukioka:

   The deal failed to reach the reduction levels anticipated by the market, we hope OPEC+ will continue their talks to stabilise oil markets.

3. Phin Ziebell:

   On the one hand you have the OPEC output cuts and there's some geopolitical issues around Iran. But the demand outlook is muted and U.S. supply is perennially good from shale oil, which seems to have structurally changed the nature of the oil market.

4. Iranian Oil Minister Bijan Zanganeh:

   The decision that was taken for the OPEC and non-OPEC members to keep their production ceiling to stabilise the market and prices for the benefit of producers and consumers, is supported by us.

5. Bob McNally:

   The Bob McNally and other IEA countries now realize that the potential loss of Russia's oil exports constitutes a bigger supply shock than either strategic stock draws or accelerated OPEC + production hikes can solve.