OPEC
Definition
Organization of Petroleum Exporting Countries, emerged as the major petroleum pricing power in1973, when the ownership of oil production in the Middle East transferred from the operating companies to the governments of the producing countries or to their national oil. Members are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.
Related Terms Other terms related to 'OPEC' starting with the letter 'O' Option Premium, Opening Range, Open Interest, Option Buyer, Over the Counter OTC Market
Browse by Letter » A B C D E F G H I L M N O P R S T U V W Y
|
