calynfynn

[calynfynn]

Surge in global crude oil

Oil is a commodity, which has more price fluctuations than stable investments like stocks and bonds. The surge in global crude oil is a topic, which is vast. Why? Simply because to get to the end result as to why is there a fluctuation in oil prices, one needs to know where it starts from.

Organization of Petroleum Exporting Countries also known OPEC founded in 1960 is an association or a consortium made up of 14 countries: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. (https://www.investopedia.com/ask/answers/012715/what-causes-oil-prices-fluctuate.asp). The mission of OPEC is to “ coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, steady income to producers and a fair return on capital for those investing in the petroleum industry.” According to CNN, the OPEC collectively supplies about 44.1 of the world’s crude oil production. Its members also control more than 80% of the world’s total proven crude reserves (https://edition-m.cnn.com/2013/07/30/world/opec-fast-facts/index.html?r=https%3A%2F%2Fwww.google.com%2F).

To maintain their shares on the global market, members of OPEC’s main incentive is to keep oil prices as high as possible.

Also we need to know what impact this is having on the importers and how are they affected, for example, we take the country India.

India is the 3rdlargest country who imports oil, when there is a sudden increase and decrease of a price it will impact the import bill which then disrupts fiscal position. As of 2018- 2019, India’s current account deficit will be around 2.4%, which is way up from previous forecast. This mean the country will have to sell rupees and buy dollars to pay bills. In the end reducing the value of rupees. The petrol and diesel prices have set a new record along with the fall in rupee and rise in crude oil, which means demand for lowering duties on fuel.

It is very important to note the participants of markets influence the daily and weekly changes of prices on a commodity. This includes businesses such as Oil refineries and airlines, they have to protect themselves and learn to adapt to changes taking place.

[calynfynn]

Surge in global crude oil

Oil is a commodity, which has more price fluctuations than stable investments like stocks and bonds. The surge in global crude oil is a topic, which is vast. Why? Simply because to get to the end result as to why is there a fluctuation in oil prices, one needs to know where it starts from.

Organization of Petroleum Exporting Countries also known OPEC founded in 1960 is an association or a consortium made up of 14 countries: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. (https://www.investopedia.com/ask/answers/012715/what-causes-oil-prices-fluctuate.asp). The mission of OPEC is to “ coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, steady income to producers and a fair return on capital for those investing in the petroleum industry.” According to CNN, the OPEC collectively supplies about 44.1 of the world’s crude oil production. Its members also control more than 80% of the world’s total proven crude reserves (https://edition-m.cnn.com/2013/07/30/world/opec-fast-facts/index.html?r=https%3A%2F%2Fwww.google.com%2F).

To maintain their shares on the global market, members of OPEC’s main incentive is to keep oil prices as high as possible.

Also we need to know what impact this is having on the importers and how are they affected, for example, we take the country India.

India is the 3rdlargest country who imports oil, when there is a sudden increase and decrease of a price it will impact the import bill which then disrupts fiscal position. As of 2018- 2019, India’s current account deficit will be around 2.4%, which is way up from previous forecast. This mean the country will have to sell rupees and buy dollars to pay bills. In the end reducing the value of rupees. The petrol and diesel prices have set a new record along with the fall in rupee and rise in crude oil, which means demand for lowering duties on fuel.

It is very important to note the participants of markets influence the daily and weekly changes of prices on a commodity. This includes businesses such as Oil refineries and airlines, they have to protect themselves and learn to adapt to changes taking place.

[calynfynn]

Surge in global crude oil

Oil is a commodity, which has more price fluctuations than stable investments like stocks and bonds. The surge in global crude oil is a topic, which is vast. Why? Simply because to get to the end result as to why is there a fluctuation in oil prices, one needs to know where it starts from.

Organization of Petroleum Exporting Countries also known OPEC founded in 1960 is an association or a consortium made up of 14 countries: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. (https://www.investopedia.com/ask/answers/012715/what-causes-oil-prices-fluctuate.asp). The mission of OPEC is to “ coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, steady income to producers and a fair return on capital for those investing in the petroleum industry.” According to CNN, the OPEC collectively supplies about 44.1 of the world’s crude oil production. Its members also control more than 80% of the world’s total proven crude reserves (https://edition-m.cnn.com/2013/07/30/world/opec-fast-facts/index.html?r=https%3A%2F%2Fwww.google.com%2F).

To maintain their shares on the global market, members of OPEC’s main incentive is to keep oil prices as high as possible.

Also we need to know what impact this is having on the importers and how are they affected, for example, we take the country India.

India is the 3rdlargest country who imports oil, when there is a sudden increase and decrease of a price it will impact the import bill which then disrupts fiscal position. As of 2018- 2019, India’s current account deficit will be around 2.4%, which is way up from previous forecast. This mean the country will have to sell rupees and buy dollars to pay bills. In the end reducing the value of rupees. The petrol and diesel prices have set a new record along with the fall in rupee and rise in crude oil, which means demand for lowering duties on fuel.

It is very important to note the participants of markets influence the daily and weekly changes of prices on a commodity. This includes businesses such as Oil refineries and airlines, they have to protect themselves and learn to adapt to changes taking place.

[calynfynn]

Pure Awesomeness is when your confident about youself,

When Harley said he looked ugly from the outside too,

“Not me shorty, I’m Beautiful”