Similar words: hope against hope, open, pope, cope, rope, opera, hope, slope. Meaning: n. an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum.
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61. Mr. Rudd said OPEC, the Organization of Petroleum Exporting Countries, has to increase supply. The Australian leader made the comments as he prepared to travel on an official visit to Japan.
62. The OPEC increase in the price of oil launched the transition to alternative energy sources.
63. Finally, as Iraq's oil production gradually climbs,(http://sentencedict.com/opec.html) it will face additional pressure from OPEC (Iraq is currently a nonvoting member of the bloc) to adhere to quotas.
64. In the past, non - OPEC producers like Russia, Mexico and Norway have increased production to meet demand.
65. In the past, non - OPEC producers like Russia, Mexico and Norway had increased production to meet demand.
66. Despite rising oil consumption, the world's largest oil cartel, OPEC, has resisted calls to boost production.
67. This week, as OPEC geared itself up for its birthday feast, Mr. Yamani surfaced as Banquo's ghost, complete with doom-laden predictions.
68. Saudi Arabia has shouldered the bulk of the output cuts announced by Opec, the oil cartel.
69. The Organization of Petroleum Exporting Countries (the OPEC cartel), with its strong pricing power, still plays a role.
70. October 17—OPEC oil ministers agree to use oil as a weapon to influence the West's support of Israel in the Yom Kippur war.
71. All recent signs from OPEC ministers indicate the group will again keep its formal production cuts in place Tuesday when it meets next week in the Angolan capital, Luanda.
72. Witness the tensions that dog OPEC , the cartel of oil - producing countries.
73. If current supply and demand were initially in balance, the OPEC countries and other oil producers would respond by reducing sales to bring supply into line with the temporary reduction in demand.
74. OPEC expected at the meeting will be announced reduction in oil production.
75. OPEC surplus capacity (still about 4 million barrels per day) should mute some of the geopolitical pressure on the oil supply, especially when coupled with a generalized increase in production.
76. The contango is likely to flatten as supply cuts by OPEC and other producers take effect, reducing the availability of oil for immediate delivery, Currie said.
77. But the call is expected to receive short shrift from the other Opec members ledSaudi Arabia.
78. Iran, second largest producer in the oil cartel Opec, responded with another missile.
79. First came the OPEC embargo in response to the Arab-Israeli war of 1973.
80. OPEC ministers will begin meeting in Austria in a few hours, expecting the ministers' decision on what the future level of oil production should be.
81. The invisible hand of Allah has given OPEC most of the world's oil.
82. The comments come as members of oil cartel Opec decide on output levels.
83. The Organization of Petroleum Exporting Countries, OPEC, says it will increase its official production quotas but reduce the actual amount of oil on the global market.
84. The border dispute has threatened to throw next week's OPEC meeting in Geneva into confusion.
85. OPEC ministers in heatedtalks Thursday sought ways to end violations of agreed price and production levels in competition to sell their oil.
86. In recent years, Non - OPEC oil production has continued to rise.