Noun: OPEC 'ow,pek
- An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
"OPEC bumped up the price of oil";
- Organization of Petroleum-Exporting Countries, Organisation of Petroleum-Exporting Countries [Brit]
Type of: global organisation [Brit], global organization, international organisation [Brit], international organization, oil cartel, world organisation [Brit], world organization
Encyclopedia: OPEC