Oil Industry

Title Slide Slide1 The largest markets are in London, New York and Singapore provided crude vegetable rock oil color and refined products - such as throttle (petrol) and heating oil - are bought and sold all all over the area. Crude oil comes in many an(prenominal) varieties and qualities depending on where it has been produced. brant is generally accepted to be the world benchmark, although sales volumes of brant goose itself are far below those of, for example, some Saudi Arabian crude oils. Brent is used to price two thirds of the worlds internationally traded crude oil supplies. The USA is the worlds largest per-capita oil consumer but produces much of its requirements itself. Slide 2 There are many factors which explain why oil prices fluctuate. These include oil tag on and demand and financial factors such as the weak US dollar and low global interest rates. Recent figures image that oil prices are down 60%. This is since the highest phonograph record of most $150 a barrel Many of the oil-rich states are rich in very little else. Crude oil is their only export, qualification them uniquely vulnerable to world oil prices. Slide 3 Prices hide to $12.72 a barrel in 1998. when this happened economies were hit hard. Slide 4 During the 1990s there was an obvious decrease in the price of oil per barrel.

This was due to the Asian financial crisis and Iraq and Kuwat war Slide 5 As you give the axe see there is an obvious fall in oil prices within the 1990s Slide 6 In 2000 a price mob was adopted. This was between $22 and $28 a barrel. This is shown in the vent were the highest price was $28.83 in 2003 and the lowest, $24.44 in 2001 before the price lap was removed in 2004. Oil prices nearly doubled during 2007. besides if inflation is taken into account, prices have not reached a record high. Slide 7 Oil prices table Slide 8 Growing economies means that slight developed countries are becoming more... If you want to get a full essay, order it on our website: Orderessay

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