opec opec  /ˈoʊ ˌpɛk/

Definition(s):

  • (n) an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum

News

  1. OPEC Boosts Oil Production to Seven-Month High in May, IEA Says

    OPEC boosted crude oil production to a seven-month high last month as output increased from Saudi Arabia, Iran, the United Arab Emirates and Kuwait, according to the International Energy Agency.
    on June 12, 2013     Source: Bloomberg

  2. OPEC Warns on Demand

    OPEC Warns on Demand
    on June 12, 2013     Source: Nasdaq

  3. OPEC Still Sees Higher Oil Demand

    OPEC predicted world oil demand will grow more quickly in the rest of 2013, and the group can meet it by pumping more oil.
    on June 11, 2013     Source: CNBC

Quotes

  1. "The president said there's a hope, as a result of these conversations, that OPEC would be encouraged to authorize an increase in production," Perino told reporters on Air Force One before it landed in Egypt.
    on Jan 16, 2008 By: Dana Perino Source: Forbes

  2. "My advice to OPEC is understand the consequences of high energy prices," Bush said after an Oval Office meeting with Jordan's King Abdullah II.
    on Mar 4, 2008 By: President Bush Source: Washington Post

  3. "It's galling to think that taxpayers' stimulus checks will be lining the pockets of OPEC. The sad truth is that the average American family will spend almost their entire stimulus check on higher gas prices this year," said Sen. Charles...
    on Jan 17, 2008 By: Charles Schumer Source: News 10NBC

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /