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:
The Wall Street Journal reports that energy commodity prices soared Thursday because of OPEC's announcement that it will keep oil production low throughout the U.S. winter.
The raise in prices are a result of last March's OPEC production cut, and diminished domestic stockpiles of heating oil, brought about by milder winters and stricter regulations on storage facilities.
OPEC's production decisions still make a splash on the spot-price and futures markets, which have also been roiled by the announcement that Iraq will be allowed to resume its oil-for-food sales.
And here's where the "foregone conclusion" looks a little less foregone, primarily because both OPEC and non-member countries, such as Mexico and Norway, have shown restraint in the face of rising prices.
And that helps explain why OPEC continues to struggle to keep its members in order and maintain a public production quota.