The global crude oil market has gone through two important phases over the recent years. The first one was the price collapse that started in the third quarter

Originally published in 1985 by a group of international experts and oil industry officials, this book surveys the dramatic changes which took place in the oil

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration

This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the big