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Word: cartelizing (lookup in dictionary) (lookup stats)
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...last Wednesday, an exhausted Rilwanu Lukman, the Nigerian Oil Minister and president of the Organization of Petroleum Exporting Countries, emerged from a conference room at Geneva's Intercontinental Hotel to announce that the cartel had ended its longest meeting ever. After 17 days of bitter wrangling, OPEC had agreed to renew its two-month-old pact to keep oil production down in an effort to push up prices. The group intends to hold daily output to 17 million bbl. a day, up only slightly from the current 16.8 million...

Author: /time Magazine | Title: Opec: An Early- Morning Truce | 11/3/1986 | See Source »

Calling for faith in the free market, the Saudi Arabian oil minister and representative to OPEC on September 4 told a packed audience that the oil cartel must strengthen itself for "price stability in the long...

Author: By James D. Solomon, | Title: Says Mr. OPEC: Stabilize Oil Prices | 9/22/1986 | See Source »

Calling for faith in the free market, the Saudi Arabian oil minister and representative to OPEC on September 4 told a packed audience that the oil cartel must strengthen itself for "price stability in the long...

Author: By James D. Solomon, | Title: Says Mr. OPEC: Stabilize Oil Prices | 9/18/1986 | See Source »

Calling for faith in the free market, the Saudi Arabian oil minister and representative to OPEC on September 4 told a packed audience that the oil cartel must strengthen itself for "price stability in the long...

Author: By James D. Solomon, | Title: Says Mr. OPEC: Stabilize Oil Prices | 9/15/1986 | See Source »

Within three days, the cartel endorsed the plan. It requires the Saudis to slash production from a July average of 5.8 million bbl. a day to 4.35 million. Kuwait and the United Arab Emirates are also called upon to make hefty cuts, reducing their combined output by roughly 40%, to some 1.85 million...

Author: /time Magazine | Title: Opec Takes a Stand, Maybe | 8/18/1986 | See Source »

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