OPEC - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “OPEC”

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OPEC

noun
 
 
/ˈəʊpek/
ECONOMICS, NATURAL RESOURCES abbreviation for Organization of the Petroleum Exporting Countries: a group of oil-producing countries who have an agreement to control the amount of oil that each country can produce and sell: Oil prices fell sharply after OPEC agreed to increase production. Venezuela is able to sell three-quarters of its OPEC quota as refined products. OPEC countries/members/leaders
Translations of “OPEC”
in Chinese (Traditional) 石油輸出國組織…
in Chinese (Simplified) 欧佩克,石油输出国组织…
(Definition of OPEC from the Cambridge Business English Dictionary © Cambridge University Press)
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