Final answer:
The 'short' name for the Organization of Petroleum Exporting Countries is OPEC, an influential group that collaborates to regulate oil exports and profits.
Step-by-step explanation:
The 'short' name for the Organization of Petroleum Exporting Countries is OPEC. This organization is a cooperative formed in 1960 by oil-exporting nations. Its members collaborate to maximize profits related to oil exports and have a significant influence over global oil prices. OPEC gained notoriety in the 1970s with its ability to impose oil embargoes that led to an energy crisis and higher oil prices. The member countries include influential oil producers such as those in the Middle East, as well as nations like Venezuela, Nigeria, and Angola.