Regulates For Opec's Measures Of Oil Price In Internatioan Law

With the global economy increasingly dependent on energy, countries and organizations are paying more attention to the order and security of the international energy market. This special energy, because oil can not be replaced temporarily, is pursuing by the world. The field of oil is full of fierce competition historically. From the "Seven Sisters" oil companies to OPEC, the oil-exporting countries have been playing a leading role in the world of oil. After 1990s, oil-consuming countries gradually increase the strength in the oil market, coupled with dramatic increase in the productions of non-OPEC countries, the oil market is forwarding open.As the Petroleum Exporting Countries, OPEC has the world's most oil. In the international crude oil market, OPEC plays a decisive role, not only to master the voice on the pricing mechanism, but also to control the output of the international oil mark. OPEC prohibits the competition within member countries, and it claims to make efforts to stabilize the international oil prices in the way to allocate quotas of member countries to restrict the productions.Production reduction leads to a constraint in supply, and a rising in international oil prices. While in Asia there is also a special case, that the price of imported crude oil in Asia is much higher than that in Europe and America, so called the "Asian premium" phenomenon, which gives the Asian countries increased pressure. The fact that OPEC and its member states deliberately manipulate the international oil market, therefore, should be regulated and controlled in the international legal system in order to truly stabilize oil prices and to protect the order of international economic.This study bases on the OPEC's measures of oil price, and includes four parts below:In the first part, I'll give an overview on the oil market, OPEC's advantages in the oil market, the relationship between oil prices and security, the develop of oil market, and the corresponding system of international law, so as to facilitate the readers to understand the following part.In the second part, I'll analysis the action of OPEC to limit the production of oil for keeping the high price. The innovations are combining multiple WTO case and views of the panel. And the case of China's export restrictions on raw materials in 2010 will be a reference too.In the third part, I'll analysis the issue of the premium in oil prices in the Asian region. We'll find the reasons and illegality of the Asian Premium by anglicizing the oil pricing mechanism.In the fourth part, I'll analysis the OPEC's price measures in the view of international competition law. The action of the judicial and legislative activities conducted against OPEC in U.S history will be the main part. Also antitrust laws in the domestic of OPEC members will be consolidated.