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)

Credits