Organization of Petroleum-Exporting Countries
- proper noun
:
Organización de Países Exportadores de Petróleo
- The Organization of Petroleum-Exporting Countries announced a reduction in oil production to stabilize prices.
Examples
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Indonesia was once a member of the Organization of Petroleum-Exporting Countries but later suspended its membership.
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The Organization of Petroleum-Exporting Countries was established in 1961.
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Many governments monitor decisions made by the Organization of Petroleum-Exporting Countries because they impact global energy markets.
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Many countries rely on the Organization of Petroleum-Exporting Countries for oil prices.
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In 1961, the Organization of Petroleum-Exporting Countries was established to unify oil production policies among its members.
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The Organization of Petroleum-Exporting Countries plays a crucial role in regulating oil prices on the global market.
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Delegates from various nations attended the annual meeting of the Organization of Petroleum-Exporting Countries to discuss production levels.
Synonyms
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4.0
A group of countries that sell oil and agree on production and prices
Surface Forms
Morphology
organization + of + Petroleum-Exporting + country
The meaning 'an organization of petroleum-exporting countries' is directly derivable from the constituents 'organization' + 'petroleum-exporting' + 'countries'; a learner who knows these words can infer it denotes a group of countries that export oil. The phrase follows a common noun-of-noun naming pattern (and functions as a proper name), so the core sense is immediately accessible to learners.
Etymology
Organization of Petroleum-Exporting Countries gets its name from a simple idea: it is a group of countries that sell petroleum and meet to 'organize' how much oil they export. Imagine leaders sitting together to decide how much oil to send out so they can influence 'prices'. So, the name means the international group that coordinates oil production and pricing.