Oil cartel initials Crossword Clue

The solution for the clue "Oil cartel initials" from Universal crossword puzzle is mentioned here below. .

Understanding Today's Crossword Puzzle

Today's clue "Oil cartel initials" has the answer "OPEC" for the following reasons:

• Oil: The term "oil" in the clue refers to petroleum or crude oil, a valuable natural resource widely used for various purposes.
• Cartel: A cartel is an organization of producers that work together to regulate the production, pricing, and marketing of a particular product to control its supply and influence prices in the market.
• Initials: In the world of acronyms, "initials" typically refer to the first letters of an organization or entity. In this context, it indicates looking for a set of initial letters that represent a well-known group.

When we combine these components, the answer "OPEC" perfectly fits the clue. The Organization of the Petroleum Exporting Countries (OPEC) is a prominent oil cartel formed by several oil-producing nations to coordinate policies and stabilize oil markets by managing the supply of oil.

Definition of "OPEC"

Organization of the Petroleum Exporting Countries.

 The Crossword clue "Oil cartel initials" published 7 time/s & has 1 answer/s. 

Crossword	Date	Answer
Universal	20 February 2024	OPEC
Newsday.com	25 April 2022	OPEC