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Copy of Economics (Oil Market)

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Anna Husein

on 12 April 2014

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Transcript of Copy of Economics (Oil Market)

Definition of oil market
Value of oil ...

Countries with the largest share of oil reserves, (producers of oil)(exception of the United States
and the Russian Federation), are underdeveloped countries.

Demander & Suppliers
Oil Market
Factors affecting demand &supply
>Price changes depend on the quantity and quality of the oil.
>Natural disasters, Transport Costs and Location also contribute to supply.
>Demand impacts how much oil is imported into a country.
A market that produces and delivers oil.
one of the most needed product in the world economy, the needs of it are increasing each year

interact with other markets (currency, stock, investment, labor, etc.)
Reasons for drops and peaks
>Peaks are when the maximum rate of oil extraction is reached
By: Anna Guseynova
Agenda
Value of oil
Geo location of oil
Global demand
Russian resourses
Conclusion
Bibliography
Oil Today :
is on top of the life cycle and has a high level of competitiveness.
it contributes to economic growth or causes the onset of the recession.
Price
Oil prices
current
and anticipated supply
demand ratio
and costs dynamics.
Key factors
We need to face it, as a nation we have a reliance on petroleum

The correct orientation in world market prices, help to negotiate with a foreign partner, as well as avoid overpayments in foreign trade.
The oil price depends on:
war in oil producing regions
storms and accidents
suddenly emerging technical problems
political unrest

It should be noted that the price of oil forms under the influence of the global supply and demand.
Price chart ''Brent" oil company
2001-2012
grams gold
As an overall trend, it is clear that the price was increased fairly rapidly until gently fall in 2009, that followed by dramatic increase.
reached a pea
k
The largest exporters are

UAE
Market demand has increased over the year by 0.8% according to the International Energy Agency (IEA).
World oil demand as its production exceeded pre-crisis levels and reached a record high value.
Global Analysis
Europe
South America
Russia
Latin America
Africa
Nearest East
Russian Resourses

The analysis showed that oil consumption is reduced 6 years in a row in the advanced economies of the maximum 12%.

the BRIC countries( Brazil, Russia, India and China), especially China and India are actively expanding consumption.
Oil usage
usage of oil in developed countries
usage of oil in BRIC countries
Russia has
significant hydrocarbon resources
and
powerful fuel
and
energy complex
, which is now the basis
for the development of the economy,
an instrument of domestic and foreign policy.
Oil and gas industry are
one of the most
expensive
areas of investment
in the modern world
.
Selected technical and economic indicators of the Russian oil industry in 1995-2012

Problems and solutions
What we need for the development of the field and display it to the level of industrial production?
time ( at least 10-15 years)
Money ( at leas several billion dollars
The initial required amount of investment is significant, with the average rate of return on investment at
the level of 12-15%.

In this regard, there is a need to reform the Russian oil industry and the prospects of introducing modern exchange mechanisms:

1. exchange as a mechanism for an objective determination of equilibrium oil and oil products price by independent market entities;

2. futures market of oil contracts - an instrument of pricing and determination of price targets, defined by the market for the foreseeable future, with its inherent price risk insurance instruments;

3. oil reserve commercial stocks of crude oil and petroleum products under the operational control of the state required to strengthen the regulatory role of the state in the oil market.

Thank you for your attention!
bibliography
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Hallowell, Christopher. Holding Back the Sea : the Struggle for America's Natural Legacy on the Gulf Coast.
(QH87.3 .H35 2001)

Hanrahan, Clare. Global Resources. (HC85 .G58 2008)

Haugen, David. Should Drilling Be Permitted in the Arctic National Wildlife Refuge? (QH545.O57 S46 2008)
Energy Alternatives. (TJ808.2 .E64 2010)
Hunnicutt, Susan. Foreign Oil Dependence. (HD9566 .F672 2008)

Jok, Jok Madut. Sudan : Race, Religion and Violence. (DT157.673 .J65 2008)
Konrad, John. Fire on the Horizon: the Untold Story of the Gulf Oil Disaster. (Bestseller HD7269 .P42 M615 2011)

Lebedoff, David. Cleaning up : the Story Behind the Biggest Legal Bonanza of Our Time. (KF228.E98 L43 1997)
Lehner, Peter. In Deep Water: the Anatomy of a Disaster, the Fate of the Gulf, and Ending Our Oil Addiction.
(TD 427 .P4 L44 2010)

Leone, Daniel A. Is the World Heading Toward an Energy Crisis? (Rome HD9560.5 .I75 2006)
Lowe, John S. Oil and Gas Law in a Nutshell. 5th ed. (KF 1850 .L68 2009)
Lustgarten, Abrahm. Run to Failure: BP and the Making of the Deepwater Horizon Disaster. (HD2571.9 .B73 L87 2012)
Maass, Peter. Crude World: the Violent Twilight of Oil. (HD 9560.5 .M23 2009)
Magner, Mike. Poisoned Legacy: the Human Cost of BP's Rise to Power. (HD 9571.9 .B73 M36 2011)
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Margonelli, Lisa. Oil on the Brain : Adventures From the Pump to the Pipeline. (HD9560.5 .M3185 2007)
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