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What does OPEC mean?

Looking for the meaning or definition of the word OPEC? Here's what it means.

Proper noun
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Examples
Fresh rumors that OPEC is considering upping its output has tempered investor confidence for a dramatic rise in Crude prices.
The OPEC nations habitually cheat on each other by exceeding the production quotas that they agree to.
Over the past three decades the OPEC Fund has grown and changed to a degree probably undreamed of by its creators.
The cutback was in line with the March 1999 agreement among OPEC member countries to curb oil production for a period of one year.
For OPEC Member Countries and the institutions they operate, 2000 was equally a remarkable year, to put it modestly.
For the global community, the OPEC family of nations and the OPEC Fund, it was, indeed, also an extraordinary year.

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