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)
cartel8combine13corporate trusttrust5Hyponyms (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."
