Energy cartels

Agaptus Nwozor

Chapter 33 in Elgar Encyclopedia of Energy Economics, 2025, pp 131-133 from Edward Elgar Publishing

Abstract: Energy cartels are alliances of independent business entities that are formed for the purpose of controlling a broad spectrum of their energy operations, ranging from production and distribution to pricing of goods and services. Energy cartels are able to exert significant influence over global energy markets, including manipulating prices and supply levels to their advantage, because of the centrality of energy resources in the economies, geopolitics, and environmental sustainability of the global system. There are subsisting debates about the relevance or otherwise of energy cartels in the matrix of the global energy landscape. The debates tend to revolve around the pros and cons of energy cartels and reflect support or opposition to them. This entry provides an overview of the current state of the art in the context of the energy landscape.

Keywords: Energy Cartels; Organization of the Petroleum Exporting Countries (OPEC); Renewable Energy; Global Energy Landscape; Fossil Fuels; Competitive Energy Market (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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