The Changing Structure of the International Oil Market
ID-82-11
Published: Aug 11, 1982. Publicly Released: Aug 11, 1982.
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Highlights
During the past decade, oil producers have taken title to oil produced in their own countries, and the role of the major oil companies is now limited primarily to marketing, distribution, and refining operations. GAO evaluated the changing structure of the international oil market and its impact on continued access to crude oil.
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Topics
Crude oilForeign governmentsFuel suppliesInternational organizationsInternational tradeMarketingModificationsStocksOil refineriesExploration