What does oil cartel mean?
Definitions for oil cartel
oil car·tel
This dictionary definitions page includes all the possible meanings, example usage and translations of the word oil cartel.
Princeton's WordNet
oil cartelnoun
a cartel of companies or nations formed to control the production and distribution of oil
ChatGPT
oil cartel
An oil cartel is a group of oil-producing countries or companies that collaborate to control oil production and prices worldwide. These entities come together to regulate the supply of oil in order to manipulate its price in the global market, minimize competition, and maximize their own economic and geopolitical power. The most well-known oil cartel is the Organization of Petroleum Exporting Countries (OPEC).
Matched Categories
Numerology
Chaldean Numerology
The numerical value of oil cartel in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of oil cartel in Pythagorean Numerology is: 5
Translations for oil cartel
From our Multilingual Translation Dictionary
- cartel pétrolierFrench
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"oil cartel." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/oil+cartel>.
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