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. Ben Le Brun:

   The U.S. crude inventory numbers have been climbing for the last 10 straight weeks, sitting at their highest levels in 80 years. So that's a further supply side concern on top of news coming out of Kuwait, there doesn't seem to be any sign of OPEC doing anything to turn the taps off so it makes it hard to predict a floor (for oil prices).

2. Tatha Ghose:

   (Oil) exporters often have very unbalanced economies and rely heavily on their commodities... Eventually, if oil prices signal that OPEC is losing pricing power and facing obsolescence, these regions don't have any diversification.

3. Robert Yawger:

   OPEC is looking at that – it has outsized importance.

4. Stanley Majcher:

   Energy is very out of favor and there's a perception that it's a risky business because oil prices are likely to be low for a long period of time because of the market share war between OPEC and the U.S., but we see low volatility of demand and more discipline on the supply side.

5. Sukrit Vijayakar:

   Oil bulls are drawing heart from the strong employment data in the U.S., military action in Libya, which could disrupt supply from the OPEC member, also aided prices.