Examlex
Explain how an entity can recover the value of an asset.
Cartel
A coalition of producers or vendors aimed at keeping prices elevated by limiting competition.
Production Step
A production step involves any stage in the process of creating a product, from initial concept to final output.
OPEC Member
A country that is part of the Organization of the Petroleum Exporting Countries, a group that coordinates and unifies petroleum policies among member countries.
Saudi Arabia
A country in the Middle East known for its vast oil reserves, which play a significant role in the global energy market and its economy.
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