OPEC Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “OPEC” in the English Dictionary

"OPEC" in British English

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OPECnoun

uk   /ˈəʊ.pek/  us   /ˈoʊ-/
abbreviation for Organization of Petroleum Exporting Countries: a ​group of ​countries that ​produceoil and ​decide together how much to ​produce
(Definition of OPEC from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"OPEC" in Business English

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OPECnoun

uk   us   /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 ​pricesfellsharply after OPEC ​agreed to ​increaseproduction. Venezuela is able to ​sell three-quarters of its OPEC ​quota as ​refinedproducts. OPEC countries/​members/​leaders
(Definition of OPEC from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “OPEC”
in Chinese (Simplified) 欧佩克,石油输出国组织…
in Chinese (Traditional) 石油輸出國組織…
What is the pronunciation of OPEC?
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