The threat of a major debt crisis is presently hanging over the international financial community like Damocles' sword. Behind the crisis lies the flood of petrodollars into the financial institutions of the industrial world since the mid 1970s and the consequent large-scale lending to...

The OPEC price conference in Geneva on May 25-26, 1981 did not resolve the disagreement among OPEC member countries over official prices. As a result of this stalemate, Saudi Arabia with its intention to moderate prices will in the foreseeable future probably not be prepared to make substantial...

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...