Meaning of “OPEC” in the English Dictionary

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"OPEC" in British English

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uk /ˈəʊ.pek/ us /ˈoʊ.pek/

(Definition of “OPEC” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"OPEC" in Business English

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uk /ˈəʊpek/ us

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:

Venezuela is able to sell three-quarters of its OPEC quota as refined products.
OPEC countries/members/leaders

(Definition of “OPEC” from the Cambridge Business English Dictionary © Cambridge University Press)