OPEC
From Reuters Financial Glossary
(Redirected from Organization of Petroleum Exporting Countries)
Synonym: Organization of Petroleum Exporting Countries
An association of the world's leading oil producing and exporting nations. OPEC's production quotas have a major bearing on oil prices and the 11 members are: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela
