Phrases with «oil cartel»

The phrase "oil cartel" refers to a group of oil-producing countries that work together to control the global oil market. They can coordinate the production and pricing of oil to influence the supply and demand, which can affect the prices consumers pay for oil and gasoline. Full definition

oil cartel

Sentences with «oil cartel»

A new study released by the Joint Economic Committee (JEC) of the US House of Representatives concludes that the accelerated development of huge reserves of unconventional oil in Canada will undermine the OPEC oil cartel in coming years. (greencarcongress.com)
OPEC and its partners meet in Jeddah, Saudi Arabia on Friday, with the 14 - member oil cartel then set to reconvene on June 22 to review to its oil production policy. (cnbc.com)
US president Donald Trump railed against the OPEC oil cartel Saturday AEST, declaring the group was unjustifiably manipulating supplies for selfish gain. (afr.com)
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Phrases with «oil cartel»

Sentences with «oil cartel»

See also