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opec
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The answer OPEC has 769 possible clue(s) in existing crosswords.
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The word OPEC is NOT valid in any word game. (Sorry, you cannot play OPEC in Scrabble, Words With Friends etc)
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Definitions of opec in various dictionaries:
noun - an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
Organization of Petroleum Exporting Countries.
OPEC - The Organization of the Petroleum Exporting Countries (OPEC, OH-pek, or OPEP in several other languages) is an intergovernmental organization of 15 ...
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| Though there's not a lot of oil in Austria, this international organization has been based in Vienna since 1965 |
| This oil cartel controls 40% of world production |
| For the first time since it was formed in 1960, this group cut its benchmark barrel price for crude, from $34 to $29 |
| In 1960 Venezuela & 4 other nations including Kuwait & Saudi Arabia founded this organization |
| Kuwait & Iraq were original members of this organization formed in 1960 |
| Sometimes called a cartel, this organization was set up in 1960 by 5 oil-rich nations |
| Ecuador joined this "well-oiled" group in 1973 but left in 1992 |
| Prime minister from 2003 to 2006, Shukri Ghanem earlier spent time as the research director of this cartel |
| To the French it's OPEP, because it's "pays" instead of "countries" |
| This 11-country group that includes Algeria & Venezuela is headquartered in Vienna, but Austria isn't a member |
| Possible Dictionary Clues |
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| bOPECb is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. |
| an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum |
| abbreviation for Organization of Petroleum Exporting Countries: a group of countries that produce oil and decide together how much to produce |
| 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: |
| Opec description |
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The Organization of the Petroleum Exporting Countries (OPEC, OH-pek, or OPEP in several other languages) is an intergovernmental organization of 15 nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria. As of 2018, the 15 countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the American-dominated so-called "Seven Sisters grouping of multinational oil companies. * The stated mission of the organization is to "coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry." The organiza |