- the OPEC cartel
- International organization of countries that produce oil
English contemporary dictionary. 2014.
English contemporary dictionary. 2014.
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
OPEC — /oh pek/, n. an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil exporting policies and set prices. [O(rganization of) P(etroleum) E(xporting) C(ountries)] * * * in full Organization of… … Universalium
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
Rationale for the Iraq War — The rationale for the Iraq War (i.e., the 2003 invasion of Iraq and subsequent hostilities) has been a contentious issue since the Bush administration began actively pressing for military intervention in Iraq in late 2001. The primary… … Wikipedia
OPEC — Organization of Petroleum Exporting Countries … Wikipedia
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
History of the United States (1980–1991) — The history of the United States (1980 1991) includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first two years of the George H. W. Bush presidency, up to the collapse of the Soviet… … Wikipedia
History of the Conservative Party — The modern Conservative Party of the United Kingdom traces its origins back to the Tory supporters of Duke of York, later King James VII II, during the 1678 1681 exclusion. The name was originally meant as a pejorative a Tory was a type of Irish… … Wikipedia
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