| NOUN | group | oil cartel | a cartel of companies or nations formed to control the production and distribution of oil |
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| Meaning | A cartel of companies or nations formed to control the production and distribution of oil. | |
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| Narrower | Organization of Petroleum-Exporting Countries, OPEC | An organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum |
| Broader | trust, corporate trust, combine, cartel | A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service |
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