This
dissertation
was
written
as
part
of
the
LLM
in
Transnational
and
European
Commercial
Law,
Mediation,
Arbitration
and
Energy
Law
at
the
International
Hellenic
University.
This
paper
reviews
the
changes
that
the
Chinese
oil
market
has
suffered
during
the
last
decade
as
long
as
the
economic
challenges
that
has
called
to
face
during
the
same
period
and
the
impact
of
China’s
economic
slowdown,
the
second
biggest
economy
in
the
world,
on
the
oil
prices
globally
as
well
as
the
effects
on
the
major
economies
and
oil
producers.
In
the
first
part
of
the
paper
there
is
a
general
approach
to
the
oil
prices,
from
their
definition
and
its
levels
through
years
along
with
its
fluctuations
to
the
factors
that
provoke
the
fluctuations
to
the
oil
prices
and
the
challenges
that
oil
prices
face
today.
Moving
forward
to
the
paper,
the
economic
transformation
of
China
through
years
is
mentioned
and
the
challenges
the
Chinese
oil
sector
is
called
to
face
as
well
as
the
impact
of
low
levels
of
oil
that
occurred
during
the
last
three
years
globally
in
China
and
the
need
for
transformation
of
the
Chinese
oil
sector.
Moreover,
there
is
a
brief
analysis
of
the
factors
that
affected
the
economic
slowdown
in
China
as
well
as
an
attempt
for
predicting
the
future
of
the
Chinese
economy
and
its
oil
sector
in
a
world
which
is
changing
year
after
year
with
economic
challenges
across
Europe,
political
instability
and
the
fear
of
terrorism
expanding
rapidly.
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