OPEC
Definition
OPEC (Organization of the Petroleum Exporting Countries) is an intergovernmental organization comprising 12 major oil-exporting nations that coordinates and unifies petroleum policies to stabilize global oil markets.
A cartel of oil-producing countries, often influencing worldwide crude oil prices through production quotas and supply decisions.
Examples
OPEC's surprise production cut had drivers everywhere cursing their gas-guzzling SUVs like betrayed exes.
When OPEC meets, it's like a poker game where the pot is global oil prices and everyone's bluffing with barrel stats.
My mechanic chuckled as he quoted the bill: 'Blame OPEC, not me – they're the real engine killers.'
OPEC announced stability measures, yet my fuel costs decided to audition for a role in a horror flick.