OPEC
pronunciation
How to pronounce OPEC in British English:
UK [ˈəʊpek]
How to pronounce OPEC in American English:
US [ˈoʊpek]
-
- Noun:
- an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
Word Origin
- OPEC
- initialism (acronym) for Organization of Petroleum-Exporting Countries, founded 1960.
Example
- 1. The extent of opec 's spare capacity is uncertain .
- 2. Iran holds opec 's rotating presidency .
- 3. But oil could be heading beyond opec 's comfort zone .
- 4. Iraq has been outside opec 's quota system for 21 years .
- 5. Opec supplies about 40 % of global oil demand .