OPEC definition

OPEC means the Organization of Petroleum Exporting Countries.

OPEC means the Organization of the Petroleum Exporting Countries.

OPEC means Organization of the Petroleum Exporting Countries. “SEC” means United States Securities and Exchange Commission.

Examples of OPEC in a sentence

• The variation in estimations of future prices are generated by the forecast of fundamentals made by market analysts, which include current scenarios of oil quota agreements of OPEC (Organization of Petroleum Exporting Countries) and impact of changes on specifications issued by the Marpol (abbreviation of marine pollution) agreement on crude and fuels with high sulfur content.

• Ten years of high prices leading up to 2014 catalysed a wall of new non-OPEC supply, sufficient that OPEC saw no choice but to stop supporting price and re-set the investment cycle.

• Oil prices found a bottom in 2016 (as a result of OPEC and non-OPEC partners cutting production again), but its recovery was capped by the volume of new supply still coming into the market from projects sanctioned pre the 2014 price crash.

• All three fuels had low prices around 1970, a spike during the OPEC crisis in 1975, a decline in the mid-1980s as the crisis subsided, and lastly an increase in the 2000s due in part to rapid economic growth in Asia.

• The Borrower submits the withdrawal application as an original, duly signed and accompanied by complete supporting documents to the OPEC Fund.

More Definitions of OPEC

OPEC means Organisation of the Petroleum Exporting Countries;

OPEC means Organization of the Petroleum Exporting Countries. “SEC” means United States Securities and Exchange Commission. “U.S.”, “United States” or “USA” means United States of America. “U.S. GAAP” means U.S. Generally Accepted Accounting Principles. “WTI” means West Texas Intermediate.

OPEC means Organization of the Petroleum Exporting Countries. “OPIS” means Oil Price Information Service.

OPEC means Organization of the Petroleum Exporting Countries. “SEC” means United States Securities and Exchange Commission. “TSX” means Toronto Stock Exchange.

OPEC means the Organization of the Petroleum Exporting Countries and cooperating oil-exporting nations.

OPEC means the Organization of the Petroleum Exporting Countries. “Options” means stock options to purchase Common Shares.

OPEC means the Organization of the Petroleum Exporting Countries. The countries belonging to this organization are subdivided into the following geographic regions: