OilPrice
The global oil industry for much of the 20th century was controlled by a powerful cartel of private companies known as the “Seven Sisters.” This group long dominated production, pricing, and access to reserves from the Middle East to Latin America. They shaped markets, dictated terms to host countries and built the foundations of the modern energy system…
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The Role of State-Owned Giants in the Modern Energy Landscape
Erasmo Mongold
06:24
The global oil industry for much of the 20th century was controlled by a powerful cartel of private companies known as the “Seven Sisters.” This group long dominated production, pricing, and access to reserves from the Middle East to Latin America. They shaped markets, dictated terms to host countries and built the foundations of the
