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organization of petroleum-exporting countries

/ˌɔːɡənaɪˈzeɪʃən əv pəˈtrəʊliəm ɪkˈspɔːtɪŋ ˈkʌntriz/

Tradução: Organização intergovernamental de países exportadores de petróleo, criada para coordenar políticas petrolíferas e estabilizar os mercados mundiais de petróleo. Também chamada de cartel do petróleo.

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phrase

/ˌɔːɡənaɪˈzeɪʃən əv pəˈtrəʊliəm ɪkˈspɔːtɪŋ ˈkʌntriz/C1formalbusiness
  • ptOrganização intergovernamental de países exportadores de petróleo, criada para coordenar políticas petrolíferas e estabilizar os mercados mundiais de petróleo. Também chamada de cartel do petróleo.

An intergovernmental organization of oil-exporting nations, founded to coordinate petroleum policies and stabilize global oil markets.

  1. International oil cartelC1formal

    An intergovernmental organization of oil-exporting nations that coordinates petroleum policies and stabilizes oil markets.

    ptCartel internacional do petróleo

    • OPEC decided to cut oil production to raise prices.
    • The meeting of OPEC ministers was held in Vienna.
    • Many countries rely on OPEC for stable oil supplies.