Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,589,915,728 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

OPEC
(redirected from Organization of the Petroleum Exporting Countries)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
OPEC

Organization of Petroleum Exporting Countries
An international organization founded in 1960 whose members collaborate on the production and exportation of oil. Members meet several times a year to discuss oil prices and ways to bring them to an optimal level for members. OPEC has a great influence over the world's oil supply as the organization sets production quotas for member nations. Cutting production tends to result in higher oil prices while raising production tends to lower them. Many of OPEC's member nations are heavily reliant on oil to fund their economies and, as a result, tend to prefer high prices. On the other hand, other members (though the groups overlap) suffer high inflation rates when oil prices are too high. As a result, there is often tension between so-called "price hawks" and other members. See also: Brent blend.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Summary: Organization of the Petroleum Exporting Countries (OPEC)'s markets monitoring committee recommended Tuesday the cartel's members, staled to meet Wednesday evening in Vienna in an ordinary session, to keep unchanged their output quotas and boost better compliance with them.
Khatibi said the 12-member Organization of the Petroleum Exporting Countries would not hold an extraordinary meeting before its next scheduled meeting in Vienna on March 15.
The Organization of the Petroleum Exporting Countries (OPEC) has decided on several cuts to oil output in 2008 to halt the drop in process.
 
 
Organization of Small Business Owners
Organization of Small Urban Municipalities
Organization of Social Studies Majors
Organization of Solid Waste Districts of Ohio
Organization of Staff Analysts
Organization of State Broadcasting Executives
Organization of Student Social Workers
Organization of Students for African Unity
Organization of Students of African Descent
Organization of Tanzania Trade Unions
Organization of Teacher Educators in Reading
Organization of Teratology Information Services
Organization of the European Nation
organization of the ground
Organization of the Ground by Engineer Work
Organization of the Islamic Conference
Organization of the Islamic Conference
Organization of the Islamic Conference
Organization of the Islamic Conference
Organization of the Islamic Conference
Organization of the Islamic Shipowners Association
Organization of the NorthEast
Organization of the Oppressed on Earth
Organization of the Oppressed on Earth
Organization of the Oppressed on Earth
Organization of the Oppressed on Earth
Organization of the People of Rodrigues
Organization of the periodic table
Organization of the periodic table
Organization of the periodic table
Organization of the Petroleum Exporting Countries
Organization of the Top Rappers
Organization of the Year
Organization of Tourist Board Representatives
Organization of Trade Unions of West Africa
Organization of Ukrainian Nationalists
Organization of United African Peoples
Organization of United Church Homes
Organization of Waterfront Neighborhoods
Organization of Wildlife Planners
Organization of Women Architects and Design Professionals
Organization of Women in International Trade
Organization of Women Writers of Africa
Organization of Women's Freedom in Iraq
Organization of World Rulers
Organization of Young Filipino Americans
Organization of Zamboanguenos
Organization of Zodiac
Organization Point of Contact
Organization Process Definition
Organization Process Focus
Organization Responsibility Center
Organization Retirement and Disability System
Organization Shared Vision
Organization Standard Process
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.