WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Google
 

oil cartel

 

Definitions from WordNet

Noun oil cartel has 1 sense
  1. oil cartel - a cartel of companies or nations formed to control the production and distribution of oil
    --1 is a kind of
    trust, corporate trust, combine, cartel
    --1 has particulars: Organization of Petroleum-Exporting Countries, OPEC

Definitions from the Web

Oil Cartel

A term used to describe an organization or group of oil-producing countries that work together to control the production, pricing, and distribution of oil on the global market.

Example Sentences:

  1. The oil cartel's decision to reduce production resulted in a significant increase in oil prices.
  2. Many countries rely on the decisions made by the oil cartel to determine their oil-import policies.
  3. The formation of the oil cartel has led to concerns about the monopolistic control of the oil industry.

Related Products:

oil-water interface oil oil oil basin oil beetle oil burner oil business oil cake oil cartel oil change oil color oil company oil conservation oil filter oil furnace oil future oil geologist

Sponsored (shop thru our affiliate link to help maintain this site):

WordNet-Online
Home | Free dictionary software | Copyright notice | Contact us | Network & desktop search | Search My Network | LAN Find | Reminder software | Software downloads | WordNet dictionary | Automotive thesaurus