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OIL CARTEL

(noun)
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Definitions

There is 1 meaning of the phrase Oil Cartel.

Oil Cartel - as a noun

A cartel of companies or nations formed to control the production and distribution of oil

Hypernyms (Closely Related)
cartelcombinecorporate trusttrust
Hyponyms (Broadly Related)

Example Sentences

"The oil cartel agreed to cut production in order to raise prices."
"The countries in the oil cartel control a significant portion of global oil production."
"The formation of an oil cartel can lead to market manipulation."
"The oil cartel's decision had a direct impact on gasoline prices."
"The oil cartel met to discuss strategies for maintaining their market dominance."
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