| / English Dictionary |
OIL CARTEL
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A cartel of companies or nations formed to control the production and distribution of oil
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("oil cartel" is a kind of...):
cartel; combine; corporate trust; trust (a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service)
Hyponyms (each of the following is a kind of "oil cartel"):
OPEC; Organization of Petroleum-Exporting Countries (an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum)
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