opec Synonyms
No Synonyms and anytonyms found
opec Meaning
Wordnet
opec (n)
an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
opec Sentence Examples
- OPEC members agreed to slash oil production by 2 million barrels per day in an effort to stabilize prices.
- OPEC controls over 40% of the world's crude oil reserves.
- The OPEC oil embargo of the 1970s had a devastating impact on the global economy.
- OPEC's decision to reduce production has sent oil prices soaring.
- OPEC countries have a vested interest in maintaining high oil prices.
- OPEC is a powerful organization that can significantly influence the global oil market.
- The US has been pressuring OPEC to increase production to lower gas prices.
- OPEC's decision-making process is often opaque and secretive.
- Some OPEC members are more influential than others, with Saudi Arabia playing a leading role.
- OPEC faces challenges from alternative energy sources and the transition to a lower-carbon economy.
FAQs About the word opec
an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
No synonyms found.
No antonyms found.
OPEC members agreed to slash oil production by 2 million barrels per day in an effort to stabilize prices.
OPEC controls over 40% of the world's crude oil reserves.
The OPEC oil embargo of the 1970s had a devastating impact on the global economy.
OPEC's decision to reduce production has sent oil prices soaring.
