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oil cartel

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ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.oil cartel - a cartel of companies or nations formed to control the production and distribution of oil
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
cartel, corporate trust, combine, trust - a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly"


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