LA Times Oil cartel acronym Crossword Clue Answer May 27, 2024

Oil cartel acronym LA Times Crossword Clue

The term "oil cartel acronym" refers to an abbreviation or acronym associated with a group of countries known as an "oil cartel." An oil cartel is a group of oil-producing countries that collaborate to regulate the production and pricing of oil in order to control and stabilize the global oil market.

The most well-known oil cartel is the Organization of the Petroleum Exporting Countries (OPEC). OPEC was founded in 1960 and consists of 13 member countries, primarily located in the Middle East, Africa, and South America.

Hints

• The clue relates to an organization.
• This organization is associated with the oil industry.
• It consists of a group of countries.
• These countries collaborate to regulate oil production and pricing.
• The organization's abbreviation consists of four letters.
• It starts with the letter "O."
• The acronym stands for "Organization of the Petroleum Exporting Countries."
• This organization plays a significant role in the global oil market.

An oil cartel is a group of oil-producing countries that collaborate to regulate the production and pricing of oil. The most well-known oil cartel is the Organization of the Petroleum Exporting Countries (OPEC). "OPEC" stands for the "Organization of the Petroleum Exporting Countries."

OPEC was founded in 1960 and consists of 13 member countries primarily located in the Middle East, Africa, and South America. The primary goal of OPEC is to coordinate and unify the petroleum policies of its member countries to ensure stable oil prices in international markets.

Related LA times Crossword Clue Answers Today