Crude oil demand and supply

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Crude oil demand and supply

  1. 1. DEMAND &SUPPLY OF CRUDEOIL (PETROLEUM)
  2. 2. PRICE TREND (2011) $116.32$120.00 $108.18 $108.65 $105.85 $97.73$100.00 $92.66 Price Per Barrel $80.00 $60.00 $40.00 $20.00 $0.00DATA FROM INDEX MUNDI COMMODITY PRODUCTS WEBSITE
  3. 3. FACTORS AFFECTING DEMAND CURVE DEMAND Demand more in emerging markets –IMF expects 4.4% growth & 5.6% by 2020. rise in demand = rise in price – 2001$50.60 & 2010 $ 140.45. Impact of economic growth – In 2001 -475 million liters 2010 – 2675 million liters. Oil products & its uses –Petrol, gases, kerosene, bitumen etc. High rising oil prices – shortsupply, speculation & fall in $ value.
  4. 4. FACTORS SUPPLY CURVEAFFECTING SUPPLY Stagnant production – OPEC production2.4 million barrels per day – required4.4million barrels per day. Low inventories – 2001, 3.3billion barrels& 2010, 2.8billion barrels. Geopolitical uncertainty – Last 2 yrsalmost 24 disruptions. in supply= in price= in demand –60million barrels released from reserves. Limited available resources – Decline willbegin since 2020 according to IMF.
  5. 5. THANK YOU !

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