this paper is to show the importance of oil in world’s economy, oil production and use, its impact on world trade … to OPEC cartel as world’s major petroleum producer and trader as well as its forms of control in production and trade …

English Abstract: The main objective of this paper is to show the importance of oil in world's economy, oil production … and use, its impact on world trade, international oil market between 1950's and 2000's alongside with its future prospects …. The greatest part of this paper is dedicated to OPEC cartel as world's major petroleum producer and trader as well as its …