Words similar to opec

Example sentences for: opec

How can you use “opec” in a sentence? Here are some example sentences to help you improve your vocabulary:

But most estimates suggest that OPEC countries are pumping out 28 million barrels a day already--the quota increase is designed mainly to allow to bring its share of the world market more in sync with its enormous capacity.
Instead of a tightly disciplined cartel administering prices to a supine world market, OPEC more closely resembles a fractious trade association struggling to bring supply in line with demand even as its efforts are sabotaged by its own members.
In an earlier incarnation of this column, in fact, I argued that the combination of new oil-discovery and oil-recovery technology with the advent of the spot futures market in oil meant that the OPEC's glory days were long gone.
The Saudis could single-handedly depress the market by flooding it with oil, as they did in 1986 in order to discipline recalcitrant OPEC members.
According to the Journal piece, the main reason oil prices have spiked to $25 a barrel--the highest in nearly 10 years--is that there's been more compliance than usual with OPEC's current effort to cut production.