This is the 5778th most frequent Dutch word.
opec
"Opec" is not a Dutch word; it commonly refers to the Organization of the Petroleum Exporting Countries.
The word 'OPEC' is used here as a proper noun referring to the Organization of the Petroleum Exporting Countries.
De OPEC heeft vandaag besloten de olieproductie te verminderen.
The OPEC decided today to reduce oil production.
In this sentence, 'OPEC' refers to the organization when describing its meeting.
Tijdens de vergadering van OPEC werden belangrijke economische kwesties besproken.
During the OPEC meeting, important economic issues were discussed.
Here, 'OPEC' describes the global influence as an entity overseeing oil exportation.