oil cartel

noun
a cartel of companies or nations formed to control the production and distribution of oil
Hypernyms: ↑trust, ↑corporate trust, ↑combine, ↑cartel

Useful english dictionary. 2012.

Look at other dictionaries:

  • cartel — A group of businesses or nations that act together as a single producer to obtain market control and to influence prices in their favor by limiting production of a product. The United States has laws prohibiting cartels. Bloomberg Financial… …   Financial and business terms

  • cartel — [[t]kɑː(r)te̱l[/t]] cartels N COUNT A cartel is an association of similar companies or businesses that have grouped together in order to prevent competition and to control prices. ...a drug cartel... Since 1993 OPEC, the oil cartel dominated by… …   English dictionary

  • cartel — UK [kɑː(r)ˈtel] / US [kɑrˈtel] noun [countable] Word forms cartel : singular cartel plural cartels business a group of people or companies who all agree to sell something at the same price so that they can all make profits without competing with… …   English dictionary

  • cartel — I (New American Roget s College Thesaurus) n. syndicate (See party). II (Roget s 3 Superthesaurus) (VOCABULARY WORD) n. [kar TEL] an association of businesses that works together to control production and pricing of products. Also, an association …   English dictionary for students

  • cartel — noun (C) a group of companies who agree to fix prices to limit competition so that they can increase their profits: an illegal international oil cartel …   Longman dictionary of contemporary English

  • cartel — I noun accord, accordance, affiliation, agreement, alliance, amalgamation, association, bloc, body corporate, coadjuvancy, coalition, colleagueship, combination, combine, common consent, community of interest, compact, concert, concord,… …   Law dictionary

  • Œil pour œil (épisode de Prison Break) — Épisode de Prison Break Œil pour œil (épisode de Prison Break) Titre original Vamonos Épisode Saison 3 Épisode 7 Scénariste(s) Matt Olmstead Réalisate …   Wikipédia en Français

  • Cartel — A cartel is a formal (explicit) agreement among firms. Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products. Cartel members may agree on such matters as price fixing …   Wikipedia

  • cartel — cartelism, n. /kahr tel /, n. 1. an international syndicate, combine, or trust formed esp. to regulate prices and output in some field of business. 2. a coalition of political or special interest groups having a common cause, as to encourage the… …   Universalium

  • cartel —    A group of companies that come together to monopolize a market, agreeing among themselves which company presides over which area of operation. The supposedly independent companies (often multinationals) may control distribution, set prices,… …   Business law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.