The way in which international trade in crude oil is conducted has changed drastically since the beginning of 1979. Who has access to crude oil in producing countries, in what quantity, at what prices, and for how long is in question. Jochen Mohnfeld analyses, recent trends and future...

From 18-25 March the United Nations’ “International Meeting on Petroleum Geology” will take place in China, a country whose oil reserves up to the mid-sixties had been judged by foreign observers to be minute and the development of her oil sector of no major importance. Today, with an...