Maria Redmond, Wisconsin State Energy Office, gave an overview of the status and future of transportation fuel technologies in Wisconsin for the 12th Annual Green Vehicles Workshop held on April 21, 2015 at the Milwaukee Area Technical College.
India is the third largest importer of crude oil in the world. In 2016, the Indian government replaced its existing policy for state-run oil companies to import crude oil. Previously, oil companies had to get government approvals for long-term contracts, but the new policy allows them to purchase crude oil directly from the spot market without a tendering process. This provides price advantages for both the government and consumers. India imports crude oil from many countries including Iraq, Saudi Arabia, Iran, Venezuela, and the United States. The majority of India's oil needs are met through imports as domestic production satisfies less than 25% of demand.
This document provides a summary of oil price history and trends from 1986 to 2012 based on data from the U.S. Energy Information Administration. It notes that oil prices generally increased over this period, with the exception of a dip in 2008-2009. The document also discusses factors that influence oil prices such as seasonal demand changes, geopolitical events, and increasing demand from developing countries like China and India. Overall, the document analyzes historical oil price data and identifies key economic and geopolitical drivers that have impacted prices over time.
A very simple presentation on crude oil,important for student to understand the concept of crude oil and its importance in world.how does it impact india.imports bill has improved but export is facing downturn due to sluggish growth of world economy.
The document summarizes the key factors that caused the 2014 and 2015 oil price crashes. In 2014, high oil prices from 2010-2014 led to record investment in oil production but also a slowing of demand growth. This caused an imbalance of rising supply and slowing demand. Additionally, OPEC changed its strategy to maintain market share amid rising non-OPEC supply. In 2015, OPEC increased production further while long-lead projects also added supply, exacerbating the imbalance as inventories rose sharply. Lower prices have since spurred demand growth but supply is expected to face challenges to keep rising at the same pace due to investment cuts, meaning prices may need to rise to balance the market.
declining crude oil pricing:causes and global impactSatyam Mishra
The document discusses the recent decline in global crude oil prices, providing an overview of key causes and impacts. It notes that falling oil prices benefit oil importing countries but hurt exporters. Technological advances in extraction led to increased supply while demand weakened, contributing to the price drop. While lower prices aid consumers, they reduce revenues for exporters like Russia, Saudi Arabia, Venezuela and Iran.
1. Global supply of oil has surpassed demand, resulting in falling prices. Increased output from Libya, the US shale oil boom, and tepid Asian demand have all contributed to higher supply.
2. Factors putting downward pressure on prices include a slowdown in the Eurozone economy and infighting within OPEC as members try to maintain market share.
3. High oil prices can lead to recessions as people spend only on necessities, hurting businesses and government finances through reduced growth and tax collection. Housing prices and overall economic activity also tend to suffer.
Oil is the major
source of energy from most of the developed as well as developing countries around the world.
Therefore a change in the supply of oil will significantly affect operations in most parts of the
world. There are a number of factors that affect the demand and supply of oil in the world.
- See more at: http://www.customwritingservice.org/blog/factors-affecting-demand-and-supply-of-oil
India is the third largest importer of crude oil in the world. In 2016, the Indian government replaced its existing policy for state-run oil companies to import crude oil. Previously, oil companies had to get government approvals for long-term contracts, but the new policy allows them to purchase crude oil directly from the spot market without a tendering process. This provides price advantages for both the government and consumers. India imports crude oil from many countries including Iraq, Saudi Arabia, Iran, Venezuela, and the United States. The majority of India's oil needs are met through imports as domestic production satisfies less than 25% of demand.
This document provides a summary of oil price history and trends from 1986 to 2012 based on data from the U.S. Energy Information Administration. It notes that oil prices generally increased over this period, with the exception of a dip in 2008-2009. The document also discusses factors that influence oil prices such as seasonal demand changes, geopolitical events, and increasing demand from developing countries like China and India. Overall, the document analyzes historical oil price data and identifies key economic and geopolitical drivers that have impacted prices over time.
A very simple presentation on crude oil,important for student to understand the concept of crude oil and its importance in world.how does it impact india.imports bill has improved but export is facing downturn due to sluggish growth of world economy.
The document summarizes the key factors that caused the 2014 and 2015 oil price crashes. In 2014, high oil prices from 2010-2014 led to record investment in oil production but also a slowing of demand growth. This caused an imbalance of rising supply and slowing demand. Additionally, OPEC changed its strategy to maintain market share amid rising non-OPEC supply. In 2015, OPEC increased production further while long-lead projects also added supply, exacerbating the imbalance as inventories rose sharply. Lower prices have since spurred demand growth but supply is expected to face challenges to keep rising at the same pace due to investment cuts, meaning prices may need to rise to balance the market.
declining crude oil pricing:causes and global impactSatyam Mishra
The document discusses the recent decline in global crude oil prices, providing an overview of key causes and impacts. It notes that falling oil prices benefit oil importing countries but hurt exporters. Technological advances in extraction led to increased supply while demand weakened, contributing to the price drop. While lower prices aid consumers, they reduce revenues for exporters like Russia, Saudi Arabia, Venezuela and Iran.
1. Global supply of oil has surpassed demand, resulting in falling prices. Increased output from Libya, the US shale oil boom, and tepid Asian demand have all contributed to higher supply.
2. Factors putting downward pressure on prices include a slowdown in the Eurozone economy and infighting within OPEC as members try to maintain market share.
3. High oil prices can lead to recessions as people spend only on necessities, hurting businesses and government finances through reduced growth and tax collection. Housing prices and overall economic activity also tend to suffer.
Oil is the major
source of energy from most of the developed as well as developing countries around the world.
Therefore a change in the supply of oil will significantly affect operations in most parts of the
world. There are a number of factors that affect the demand and supply of oil in the world.
- See more at: http://www.customwritingservice.org/blog/factors-affecting-demand-and-supply-of-oil
What the drop in oil prices means for the economy and office marketsJLL
Lower oil prices will negatively impact energy companies through reduced profit margins and capital spending cuts, leading to potential job losses. However, lower gas prices provide an economic stimulus for consumers and other industries through substantial savings. While energy-focused office markets may see weaker demand from energy companies scaling back, the broader economic benefits of low oil prices and diversifying economies will help offset negative impacts on office fundamentals. The long-term impact on office markets depends on the level of mergers and acquisitions in the energy sector and whether prices remain low, increasing vacant space through consolidation.
Impact of crude oil prices on Pakistan economy 2015UmerMukhtarAhmed
When oil and shale boom hit the economy of oil exporting countries it also help the oil importing countries to save some money. This journal is written to show what happens with the Pakistan economy during toil boom.
Crude oil is a naturally occurring fossil fuel that is refined into many consumer products. It is a black, thick liquid called "black gold" due to its economic importance as a non-renewable resource where demand exceeds supply, leading to price increases. An international organization called OPEC controls global oil prices. Rising prices negatively impact economies by increasing inflation, slowing growth, and reducing employment. Alternatives to petroleum such as natural gas, biodiesel, hybrids, and renewable energy can help address these issues.
Oil prices falling and Their Impact on World and Indian EconomyRishabh Hurkat
The presentations is focused on Reason Behind the Fall in Global Crude Oil Prices.
It also inculcates various Charts and Data which are Up-to-date.
The Basic Reason is to understand the Effect on Global and Indian Economy.
Impact of Oil Prices on the Economic Growth of PakistanMuhammad Sharjeel
We gathered data from different resources and then finalize our presentation. The intention to upload this file is to help those guys who need some guidelines for preparing presentation. :)
The document summarizes the recent decline in global crude oil prices from 2014 to 2015. It discusses several key reasons for the price decline, including increased US production, weaker demand from emerging markets, and Saudi Arabia's decision to maintain production levels despite proposals from OPEC members to cut supply. The summary also notes that lower oil prices benefit importers like India through reduced energy costs and trade deficits, but hurt exporters like Russia, Saudi Arabia, and Iran through lower revenues.
Devaluation of Crude Oil and its Impact on World EconomyRushita Thakkar
Lower oil prices are having significant financial and economic impacts around the world. Oil exporting countries like Russia, Saudi Arabia, Venezuela, and Iran are facing budget deficits and recessions as their oil revenues decline. Meanwhile, oil importing countries benefit from reduced costs, which can help support growth, though some oil producing areas within these countries are struggling. The declines are largely due to increased supply from the US and lower global demand.
Crude oil, gold, and the US dollar are all interconnected assets whose prices impact one another. A falling US dollar typically causes gold and oil prices to rise for Americans as it takes more dollars to purchase the same amount. Gold and oil prices tend to move in the same direction since oil is needed for gold mining and refining. Over the long run, there is an inverse relationship between the dollar and gold as gold is considered a store of value when currencies lose purchasing power. Fluctuations in any of these commodities or the dollar have ripple effects throughout the global economy.
The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960 by five oil producing countries and is an intergovernmental organization comprised of 12 oil exporting developing nations. OPEC aims to coordinate and unify its members' petroleum policies, ensure stable oil prices, and ensure a fair return on investment for the petroleum industry. The price of oil is determined by factors like supply, demand, production costs, the value of the U.S. dollar, and speculation in oil markets.
The document analyzes the historical global price of oil from 1970 to 2000, accounting for inflation and fluctuations in the US dollar's value. It introduces the concept of real global price of oil, which is the true price relative to OPEC countries that set the price. A graph shows that from 1986 to 1995, the real global price varied between $11-19 per barrel. The document also discusses events like the abandonment of the Bretton Woods agreement in 1971 that tied currency to gold, which led countries to exchange dollars for gold and impacted the oil market.
Oil prices are falling due to increased global supply outpacing demand, as well as increased production from countries like the US, Libya, and OPEC members refusing to cut production. Lower oil prices benefit economies that are net oil importers, like the US, India, and parts of Europe, but hurt exporters like Russia, Iran, and Venezuela. In India, falling prices reduce subsidy costs for the government, but also lower inflation and transportation costs, benefitting consumers.
This document discusses the oil price and its impact. It begins by outlining the importance of oil and its many uses. It then discusses the economics of oil supply and demand and how they are inelastic, leading to large price fluctuations. It outlines some major oil price benchmarks and describes key oil producing and consuming countries. The document then analyzes how volatility in oil prices impacts both global and Indian economies. It concludes by discussing India's vision for increasing energy self-sufficiency and alternative energy sources that may play a larger role in the future.
- John D. Rockefeller founded Standard Oil in 1870 and by 1877 it controlled over 90% of the American oil refining industry. The invention of the combustion engine in 1895 drove increased oil demand and exploration.
- Major oil discoveries were made in the 1930s-40s in Saudi Arabia and Kuwait, shifting oil production away from the US. This started America's growing reliance on foreign oil. OPEC was formed in 1960 to give oil exporting countries more leverage.
- Significant events and oil price fluctuations followed, including the 1973 Arab oil embargo against the US and price spikes in the late 1970s and 2008. The BP Gulf of Mexico oil spill in 2010 was the largest and most catastrophic oil spill in history
The document discusses several topics related to the global oil market including OPEC's decision to maintain oil production levels which has lowered prices, the impacts on high cost producers, and OPEC's expectations for rising prices by 2020. It also discusses the conflicts and crises in Syria, Iraq, Nigeria, and Libya and their effects. Several sections cover the rise of US shale oil production, the companies involved, and how low prices have impacted them. Global oil demand trends and their implications are also summarized.
Crude oil is a naturally occurring hydrocarbon found in rock formations underground. It is formed from the remains of ancient organisms over millions of years. Crude oil is a dark, flammable liquid that can be refined into fuels like gasoline and burned to create energy. The price of crude oil fluctuates based on global supply and demand factors. Technological advances have increased oil production in the US and Canada, leading to oversupply and a drop in prices in recent years. Lower oil prices benefit economies that import oil but hurt export-dependent countries.
The document summarizes how falling oil prices impact different countries and regions. Russia and oil-dependent countries like Iran, Iraq and Nigeria lose significant revenue and face economic struggles due to lower prices. Saudi Arabia and Gulf states can withstand lower prices better due to large reserves. The US benefits as a growing producer with lower-cost fracking enabling production. Europe, China and India see reduced energy costs but also face other economic challenges.
The oil industry has a history spanning over 5,000 years. Major events include the first structured oil well being built in the Gulf of Mexico and oil crises in the 1970s causing price fluctuations. Currently, world oil consumption is around 85 million barrels per day with the top producers being Middle Eastern countries. Factors like OPEC decisions, geopolitical conflicts, and economic conditions influence global oil prices. While oil remains crucial as a non-renewable resource, peak oil production may be reached by 2030, highlighting the need for alternatives.
This ppt is of subject called Elements of Corporate Finance .
it include the information about the OPEC , reasons , some current information about crude oil and major suppliers of crude oil to india( 2015)
The document discusses the recent crash in crude oil prices and its effects. It provides:
1. A brief history of rising oil prices since 2004 due to increased demand and conflicts limiting supply. Prices spiked but new extraction methods then increased supply beyond demand.
2. An explanation of why prices are now falling, as production in the US and Canada expanded through fracking and other technologies, while demand in places like Europe and China slowed. OPEC chose not to cut production to support prices.
3. Forecasts from the World Bank and IMF that crude prices may remain low in the near future, ranging from $53 to $57 per barrel, though geopolitical events could cause volatility.
150512 | Industrie & Energie | Is Saudi Arabia still ruling the OPEC? | Prese...Flevum
OPEC, led by Saudi Arabia, has flooded the market with oil, causing prices to drop from $115 to $65 per barrel since June 2014. This was likely a strategic move to maintain market share and discourage production from US shale and other sources. However, many OPEC members need higher prices around $100 to balance their budgets without cutting spending. With US tight oil production rising and global demand weaker, it is uncertain whether OPEC can easily control prices going forward.
What the drop in oil prices means for the economy and office marketsJLL
Lower oil prices will negatively impact energy companies through reduced profit margins and capital spending cuts, leading to potential job losses. However, lower gas prices provide an economic stimulus for consumers and other industries through substantial savings. While energy-focused office markets may see weaker demand from energy companies scaling back, the broader economic benefits of low oil prices and diversifying economies will help offset negative impacts on office fundamentals. The long-term impact on office markets depends on the level of mergers and acquisitions in the energy sector and whether prices remain low, increasing vacant space through consolidation.
Impact of crude oil prices on Pakistan economy 2015UmerMukhtarAhmed
When oil and shale boom hit the economy of oil exporting countries it also help the oil importing countries to save some money. This journal is written to show what happens with the Pakistan economy during toil boom.
Crude oil is a naturally occurring fossil fuel that is refined into many consumer products. It is a black, thick liquid called "black gold" due to its economic importance as a non-renewable resource where demand exceeds supply, leading to price increases. An international organization called OPEC controls global oil prices. Rising prices negatively impact economies by increasing inflation, slowing growth, and reducing employment. Alternatives to petroleum such as natural gas, biodiesel, hybrids, and renewable energy can help address these issues.
Oil prices falling and Their Impact on World and Indian EconomyRishabh Hurkat
The presentations is focused on Reason Behind the Fall in Global Crude Oil Prices.
It also inculcates various Charts and Data which are Up-to-date.
The Basic Reason is to understand the Effect on Global and Indian Economy.
Impact of Oil Prices on the Economic Growth of PakistanMuhammad Sharjeel
We gathered data from different resources and then finalize our presentation. The intention to upload this file is to help those guys who need some guidelines for preparing presentation. :)
The document summarizes the recent decline in global crude oil prices from 2014 to 2015. It discusses several key reasons for the price decline, including increased US production, weaker demand from emerging markets, and Saudi Arabia's decision to maintain production levels despite proposals from OPEC members to cut supply. The summary also notes that lower oil prices benefit importers like India through reduced energy costs and trade deficits, but hurt exporters like Russia, Saudi Arabia, and Iran through lower revenues.
Devaluation of Crude Oil and its Impact on World EconomyRushita Thakkar
Lower oil prices are having significant financial and economic impacts around the world. Oil exporting countries like Russia, Saudi Arabia, Venezuela, and Iran are facing budget deficits and recessions as their oil revenues decline. Meanwhile, oil importing countries benefit from reduced costs, which can help support growth, though some oil producing areas within these countries are struggling. The declines are largely due to increased supply from the US and lower global demand.
Crude oil, gold, and the US dollar are all interconnected assets whose prices impact one another. A falling US dollar typically causes gold and oil prices to rise for Americans as it takes more dollars to purchase the same amount. Gold and oil prices tend to move in the same direction since oil is needed for gold mining and refining. Over the long run, there is an inverse relationship between the dollar and gold as gold is considered a store of value when currencies lose purchasing power. Fluctuations in any of these commodities or the dollar have ripple effects throughout the global economy.
The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960 by five oil producing countries and is an intergovernmental organization comprised of 12 oil exporting developing nations. OPEC aims to coordinate and unify its members' petroleum policies, ensure stable oil prices, and ensure a fair return on investment for the petroleum industry. The price of oil is determined by factors like supply, demand, production costs, the value of the U.S. dollar, and speculation in oil markets.
The document analyzes the historical global price of oil from 1970 to 2000, accounting for inflation and fluctuations in the US dollar's value. It introduces the concept of real global price of oil, which is the true price relative to OPEC countries that set the price. A graph shows that from 1986 to 1995, the real global price varied between $11-19 per barrel. The document also discusses events like the abandonment of the Bretton Woods agreement in 1971 that tied currency to gold, which led countries to exchange dollars for gold and impacted the oil market.
Oil prices are falling due to increased global supply outpacing demand, as well as increased production from countries like the US, Libya, and OPEC members refusing to cut production. Lower oil prices benefit economies that are net oil importers, like the US, India, and parts of Europe, but hurt exporters like Russia, Iran, and Venezuela. In India, falling prices reduce subsidy costs for the government, but also lower inflation and transportation costs, benefitting consumers.
This document discusses the oil price and its impact. It begins by outlining the importance of oil and its many uses. It then discusses the economics of oil supply and demand and how they are inelastic, leading to large price fluctuations. It outlines some major oil price benchmarks and describes key oil producing and consuming countries. The document then analyzes how volatility in oil prices impacts both global and Indian economies. It concludes by discussing India's vision for increasing energy self-sufficiency and alternative energy sources that may play a larger role in the future.
- John D. Rockefeller founded Standard Oil in 1870 and by 1877 it controlled over 90% of the American oil refining industry. The invention of the combustion engine in 1895 drove increased oil demand and exploration.
- Major oil discoveries were made in the 1930s-40s in Saudi Arabia and Kuwait, shifting oil production away from the US. This started America's growing reliance on foreign oil. OPEC was formed in 1960 to give oil exporting countries more leverage.
- Significant events and oil price fluctuations followed, including the 1973 Arab oil embargo against the US and price spikes in the late 1970s and 2008. The BP Gulf of Mexico oil spill in 2010 was the largest and most catastrophic oil spill in history
The document discusses several topics related to the global oil market including OPEC's decision to maintain oil production levels which has lowered prices, the impacts on high cost producers, and OPEC's expectations for rising prices by 2020. It also discusses the conflicts and crises in Syria, Iraq, Nigeria, and Libya and their effects. Several sections cover the rise of US shale oil production, the companies involved, and how low prices have impacted them. Global oil demand trends and their implications are also summarized.
Crude oil is a naturally occurring hydrocarbon found in rock formations underground. It is formed from the remains of ancient organisms over millions of years. Crude oil is a dark, flammable liquid that can be refined into fuels like gasoline and burned to create energy. The price of crude oil fluctuates based on global supply and demand factors. Technological advances have increased oil production in the US and Canada, leading to oversupply and a drop in prices in recent years. Lower oil prices benefit economies that import oil but hurt export-dependent countries.
The document summarizes how falling oil prices impact different countries and regions. Russia and oil-dependent countries like Iran, Iraq and Nigeria lose significant revenue and face economic struggles due to lower prices. Saudi Arabia and Gulf states can withstand lower prices better due to large reserves. The US benefits as a growing producer with lower-cost fracking enabling production. Europe, China and India see reduced energy costs but also face other economic challenges.
The oil industry has a history spanning over 5,000 years. Major events include the first structured oil well being built in the Gulf of Mexico and oil crises in the 1970s causing price fluctuations. Currently, world oil consumption is around 85 million barrels per day with the top producers being Middle Eastern countries. Factors like OPEC decisions, geopolitical conflicts, and economic conditions influence global oil prices. While oil remains crucial as a non-renewable resource, peak oil production may be reached by 2030, highlighting the need for alternatives.
This ppt is of subject called Elements of Corporate Finance .
it include the information about the OPEC , reasons , some current information about crude oil and major suppliers of crude oil to india( 2015)
The document discusses the recent crash in crude oil prices and its effects. It provides:
1. A brief history of rising oil prices since 2004 due to increased demand and conflicts limiting supply. Prices spiked but new extraction methods then increased supply beyond demand.
2. An explanation of why prices are now falling, as production in the US and Canada expanded through fracking and other technologies, while demand in places like Europe and China slowed. OPEC chose not to cut production to support prices.
3. Forecasts from the World Bank and IMF that crude prices may remain low in the near future, ranging from $53 to $57 per barrel, though geopolitical events could cause volatility.
150512 | Industrie & Energie | Is Saudi Arabia still ruling the OPEC? | Prese...Flevum
OPEC, led by Saudi Arabia, has flooded the market with oil, causing prices to drop from $115 to $65 per barrel since June 2014. This was likely a strategic move to maintain market share and discourage production from US shale and other sources. However, many OPEC members need higher prices around $100 to balance their budgets without cutting spending. With US tight oil production rising and global demand weaker, it is uncertain whether OPEC can easily control prices going forward.
Oil Prices Explained: Putting a dollar value on a barrel of crudeAnna Giove
Crude oil and petroleum products are globally traded commodities, whose prices are largely governed by supply and demand fundamentals. But global currencies, availability of money flow and market sentiment also play an important role.
The Saturday Economist Oil Market Update 2015John Ashcroft
The document analyzes factors influencing falling oil prices, including increased US shale oil production and OPEC's decision not to cut production. While lower prices benefit net oil importing countries, they hurt oil exporters. The 50% price drop is seen as disproportionate to actual supply/demand changes and may reflect speculative forces. Lower prices have mixed economic impacts, stimulating growth in importers but reducing revenues and potentially destabilizing exporters. The analysis suggests prices will rebound as speculative influences fade and fundamentals reassert themselves.
Oil prices have fallen significantly since mid-2014 due to oversupply and decreased demand from China. Key factors driving the price decline include increased US shale production, OPEC's decision to maintain supply, and geopolitical instability in oil producing regions. Lower oil prices benefit oil importing countries through reduced fuel costs and inflation, but harm export revenues and economies of oil producing nations. India benefits from lower subsidy spending and a reduced current account deficit. Alternative energy technologies may replace oil in the future.
This document provides an overview of factors impacting the global crude oil market. It includes sections on global crude oil consumption trends, major consuming nations like the US and China, OPEC production and investments, nations subsidizing oil, different types of crude oil, and technological innovations. Individual country analyses are given for countries like the US, Brazil, Russia, India, China, Libya, Iraq, Venezuela and Canada. Major US oil companies like Anadarko, Apache, Chevron, ConocoPhillips are also discussed.
Between 2014-2015, crude oil prices fell more than 50% due to excess supply and uncertain demand. The US has increased shale oil production, reducing imports and maintaining high stock levels. China's economic slowdown has weakened oil demand. Saudi Arabia wants to maintain market share by keeping production high to weaken shale producers' profitability. Low prices are expected to continue into 2018 as supply remains high and demand growth slows. Energy companies must optimize operations to improve efficiency in this challenging market.
Presentation on oil trend and its impactAnkit Gautam
The document discusses crude oil trends over the last three years and their impact on the Indian capital markets. It provides data on the top crude oil producing and consuming countries. It then discusses how OPEC influences prices through controlling supply. Fluctuations in supply and demand, natural disasters, production costs, and storage can also cause oil price volatility. A rise in crude oil prices increases India's current account deficit and inflation, while a fall lowers transportation and production costs for companies.
The document discusses the 1973 oil crisis and its impacts. It began when OPEC nations proclaimed an oil embargo in 1973 in response to Western support for Israel. As a result, the price of oil rose dramatically from $18 to nearly $40 per barrel. For India, higher oil prices lead to inflation, impact economic growth, and hurt the rupee. If the US reinstates sanctions on Iran as planned, it could further increase oil prices and negatively affect India's plans for the Chabahar port and INSTC transport corridor. The government of India can take steps like procuring crude at discounts, including fuel under GST, and building strategic oil reserves to mitigate impacts.
This report discusses the recent decline in oil prices and the battle between OPEC and the United States for control of the oil market. Oil prices fell from over $110 per barrel in 2014 to under $50 per barrel in early 2015 due to increased production from the U.S. and other non-OPEC countries. While lower prices benefited consumers and some economies, they hurt oil-producing countries. The U.S. has significantly increased oil production in recent years through fracking and other methods. As a result, OPEC is losing its dominance over the oil market and control over prices. The oversupply of oil from both OPEC and non-OPEC producers means prices are expected to remain low
The document discusses the effects of the recent decline in oil prices on different regions and countries. It finds that net oil exporting nations like those in Africa will see decreased revenues, currency devaluations, and limitations on public spending and GDP growth. Gulf states are generally better prepared to handle low prices due to sovereign wealth funds. Europe benefits as a net oil importer with lower costs. Russia is negatively impacted due to its heavy reliance on oil revenues.
The contents of this presentation include;
OPEC
HEADQUARTERS, FLAG, AND CURRENT
SECRETARY
ESTABLISHMENT
WHY OPEC WAS ESTABLISHED
MEMBERSHIPS
SAUDI ARABIA
NIGERIA
VENEZUELA
MISSION
HISTORY
1973 OIL EMBARGO
ROLE OF OPEC
INFLUENCE OF OPEC ON GLOBAL OIL MARKET
What's the difference between WTI and Brent Crude Oil? [PPT] Arne Pohlman
If you are not too familiar with traded commodities, odds are that crude oil is one you know a little about. Oil, the magical elixir that much of our lives run on, even if we are not aware of it, is being consumed at a higher rate globally every year. But did you know that there are different kinds of crude oil? If you did, you may have heard of Brent and WTI Crude Oil. Do you know what the difference is between Brent and WTI Crude oil? Did you know there was a difference between the crude oils extracted around the world? If you didn’t, you’re not alone – most people likely don’t know the difference between the two. If you are curious as to what sets various crude oils apart, especially Brent and WTI, this blog post will shed some light on the differences as well as explain a bit about the Crude Oil futures markets and what role Brent and WTI play in the global oil commodity trade. But, before getting into the specifics of Brent and WTI, it might be helpful to first go through what quality metrics differentiate crude oils from one another.
Download a FREE sample of
Commodities FocusEconomics Consensus Forecast
http://www.focus-economics.com/commodities2016
Oil Prices, the shale, the plunge and outlookErol Metin
Oil prices plunged from 2014-2016 due to a perfect storm of oversupply, a strong US dollar, and weakened demand. Conditions have balanced out, leading analysts to forecast higher prices in 2017, with estimates around $50-60 per barrel. Shale oil production growth has slowed in the US, but new technologies allow for continued expansion. Lower investments mean conventional production may not keep up with demand, which could be filled by OPEC and support higher prices.
1) The Bord Gáis Energy Index fell 1% in August as modest increases in the Brent crude oil price were offset by falls in the wholesale prices of gas, coal, and electricity.
2) Commodity prices have fallen significantly from their highs in recent years due to oversupply issues in almost all raw materials markets driven by slowing demand from China.
3) The US administration took steps toward ending its ban on crude oil exports, which could benefit US oil producers and allies while hurting countries like Russia, Venezuela, and Iran if the ban is fully lifted. However, many political and economic issues still need to be addressed.
This presentation covers factors that caused the petroleum industry to decline during the 1980s, and then leading to the recovery beginning in 2008 through some possible future development trajectories.
- Global oil prices have declined dramatically since 2014, falling over 50% from $110 per barrel in mid-2014 to under $30 per barrel currently. This is due to a large supply glut as production from US shale oil, Iraq, and elsewhere increased sharply while demand growth has slowed.
- The decline has had significant economic consequences around the world, hurting oil-exporting countries like Russia, Venezuela, Iran and Saudi Arabia while benefiting oil-importing nations. The future of oil prices remains highly uncertain depending on future supply and demand dynamics.
The document discusses how geopolitics impacts oil and gas markets. It outlines several geopolitical factors, including conflicts in the Persian Gulf region which contains over half of global oil reserves. Military threats, domestic instability, and disputes over Caspian Basin resources all pose risks. Over 90% of Gulf oil exports pass through the Strait of Hormuz, and any closure could drastically increase prices. Wars like the Gulf War and Iraq War led to supply disruptions and price volatility. Geography also influences gas markets due to high transportation costs via pipelines.
Similar to Marquette university presentation - 2015 Green Vehicles Workshop & Showcase (20)
The SmartWay® Program is a public-private initiative to reduce greenhouse gas emissions and air pollution created by freight transportation in corporate supply chains.
Presenters included:
- Tim Verbeke, Wisconsin Clean Cities
- Patrice Thornton, SmartWay Program
- Joel Hirschboeck, Kwik Trip
The document summarizes Wisconsin Clean Cities' efforts to promote alternative fuels and reduce petroleum consumption in Wisconsin. It provides data on fuel consumption in the state and lists the goals of the Wisconsin Smart Fleet Program partnership, which are to reduce fleet carbon footprints, promote smart fleet branding, and help fleets meet economic goals by providing planning tools. It also recognizes top participating fleets and thanks sponsors for their support.
Lorrie Lisek & Erika Noble, Wisconsin Clean Cities, recognize the efforts and many successes of the members for reducing their dependence on petroleum-based fuels, implementing alternative fuel vehicles and infrastructure, and for helping improve our air quality.
2015 Fall Propane Autogas Roundtable - GO Riteway Transportation PresentationWisconsin Clean Cities
Jason Ebert, GO Riteway Transportation Group, presented information on their fleet propane autogas experiences and initiatives for our Propane Autogas Roundtable in Oak Creek, WI.
2015 Fall Propane Autogas Roundtable - Propane Education & Research Council P...Wisconsin Clean Cities
Jeremy Wishart, Propane Education and Research Council, presented an overview on Propane Autogas Basics and Benefits for our Propane Autogas Roundtable in Oak Creek, WI.
2015 Fall Propane Autogas Roundtable - Port Washington Police Department Pres...Wisconsin Clean Cities
Captain Mike Keller, Port Washington Police Department, presented information on their fleet propane autogas experiences and initiatives for our Propane Autogas Roundtable in Oak Creek, WI.
Maria Redmond, WI State Energy Office and Lorrie Lisek, WI Clean Cities, presented information on the Propane Autogas Initiatives and Updates for our Propane Autogas Roundtable in Oak Creek, WI.
Steve Lussier, McNeilus, presented information on the Natural Gas Fleet Applications for Concrete Mixers for our Natural Gas for Transportation Roundtable in Mequon, WI.
Rich DeBoer, Ozinga, presented information on the Natural Gas Fleet Applications for Concrete Mixers for our Natural Gas for Transportation Roundtable in Mequon, WI.
Chip Uppling, Peapod, presented information on the Natural Gas Applications for Fleets for our Natural Gas for Transportation Roundtable in Mequon, WI.
Joel Hirschboeck, Kwik Trip, presented information on the Natural Gas Applications for Off-Road Vehicles for our Natural Gas for Transportation Roundtable in Mequon, WI.
2015 Fall Natural Gas Roundtable - Wisconsin Clean Cities & Wisconsin State E...Wisconsin Clean Cities
Maria Redmond, WI State Energy Office and Lorrie Lisek, WI Clean Cities, presented information on the Natural Gas Initiatives Updates for our Natural Gas for Transportation Roundtable in Mequon, WI.
Wisconsin State Energy Office Presentation - 2015 Green Vehicles Workshop & S...Wisconsin Clean Cities
Maria Redmond, Wisconsin State Energy Office, gave an overview of the status and future of transportation fuel technologies in Wisconsin for the 12th Annual Green Vehicles Workshop held on April 21, 2015 at the Milwaukee Area Technical College.
Jessy Servi, Outpost Natural Foods Coop, gave an overview of their fleet, what alternatives they are implementing, and how they are a smart fleet of the future for the 12th Annual Green Vehicles Workshop held on April 21, 2015 at the Milwaukee Area Technical College.
Milwaukee Area Technical College Presentation - 2015 Green Vehicles Workshop ...Wisconsin Clean Cities
This document summarizes a presentation on the effects of transportation emissions on air quality in Southeastern Wisconsin. It discusses how combustion of fuels like gasoline and diesel produces particles and gases that can lead to ground-level ozone formation through reactions with nitrogen oxides and other compounds. Areas that exceed ozone limits are designated as "nonattainment zones" and required to take measures to reduce emissions. The document also briefly discusses climate change and the need to transition away from fossil fuels to cleaner energy sources to reduce greenhouse gas emissions.
Justin Fons, Drive$mart Wisconsin, gave an overview of the changes and trends for electric vehicles for the 12th Annual Green Vehicles Workshop held on April 21, 2015 at the Milwaukee Area Technical College.
U.S. Environmental Protection Agency SmartWay Program Overview WebinarWisconsin Clean Cities
Erika Noble, Wisconsin Clean Cities (WCC), gave an overview of WCC and why they became involved with the SmartWay Program. Patrice Thornton, U.S. Environmental Protection Agency, discussed what the SmartWay Program is and how fleets can get involved.
Lynn Stafford and Adam Goldstein, Stag USA, presented on vehicle conversions at the Badger Sheriff's Association Conference on December 10, 2014 at the Radisson Paper Valley Hotel in Appleton, WI.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Marquette university presentation - 2015 Green Vehicles Workshop & Showcase
1. Global Oil Market
Abdur Chowdhury
Department of Economics
Marquette University
April 21, 2015
2.
3.
4. Brief history of oil price
• The oil price in the global market has fallen by more than 40% since
June 2014, when it was $115 a barrel. It is now below $65.
• For much of the past decade, oil prices have been high – more than
$100 per barrel. This was due to:
• Soaring oil consumption in China, India, etc. and
• Conflicts in key oil producing nations like Iraq.
• There simply wasn’t enough oil production to keep up
• So oil prices spiked and hovered around $100 per barrel between
2010 and 2014
5. Brief History of Oil price (Contd…)
• As oil prices increased, many U.S. companies began using fracking and
horizontal drilling to extract oil from shale formation in North Dakota
and Texas
• Companies in Canada were heating Alberta’s oil sands with steam to
extract usable crude
• In 2008, U.S. added 4 million extra barrels of crude oil per day to the
global market (global production is about 75 m/b/day)
• But conflicts in Libya, Iraq and other oil producing countries took 3
million barrels per day off the market. So U. S. production had little
effect on global prices.
6. Brief History of Oil Price (Contd…)
• By mid-2014, conflicts were no longer affecting oil production
• Production in U.S. and Canada were still rising fast – and world’s
supply of oil kept growing.
• Even more significantly, oil demand in Asia and Europe suddenly
began weakening – due to economic slowdowns in China, India and
Germany.
• Combination of steadily rising supply and weaker than expected
demand caused oil prices to start dropping from their June 2014 peak
of $115.
7.
8.
9.
10. Saudi Factor
• In November 2014, the OPEC decided not to cut production to
increase price. This decision was driven by Saudi Arabia, despite
opposition from Iran and Venezuela
• Saudi Arabia can tolerate lower oil prices quite easily. It has $900
billion in foreign exchange reserves. Its own oil costs very little
(around $5-6 per barrel) to get out of the ground.
11. OPEC is now engaged in a price war with the United States
• It is relatively cheap to pump oil out of places like Saudi Arabia and
Kuwait
• But it is more expensive to extract oil from shale formations in places
like Texas and North Dakota
• As the price of oil keeps falling, some U.S. oil producers may start
losing money and go out of business
• U.S. shale producers are especially vulnerable when oil dips below
$60 per barrel.
12.
13.
14. Affected Countries
• But the greatest pain is in countries where the regimes are
dependent on a high oil price to pay for costly foreign adventures and
expensive social programs.
• These include Russia (which is already hit by Western sanctions
following its meddling in Ukraine), Venezuela (which is paying to keep
the unpopular regime in power), Iran and Nigeria.
15.
16. Effect of low oil price on the U.S. economy
• A fall in crude oil price will have both positive and negative effects:
• Cheaper oil means lower gasoline prices – U.S. drivers will spend
about $550 less on gasoline in 2015 than they did in 2014, assuming
prices stay low. That will give consumers more money to spend on
other items.
• Oil-producing states like Texas and North Dakota are likely to see a
drop in revenues and economic activity. Alaska’s state budget derives
90% of its revenue from oil.
18. Oil Price in 2015
• While growth in the U.S. is going from strength to strength, the eurozone is still
weak and industrial and manufacturing growth in China is slowing, and that looks
set to persist throughout 2015. This would lower demand for crude oil
• Adding further pressure, the supply situation shows no signs of near-term
tightening. OPEC members have been very vocal in defending their decisions to
leave output unchanged
• The focus among OPEC members to maintain market share could see persistently
weaker prices in 2015, as a combination of increasing supply and lackluster
demand prevent any significant rally from gaining traction
• So crude oil prices in 2015 will remain around the current level.
19. How will the drop in oil price affect the green vehicle industry?
• Drop in oil prices will have some impact in the production of liquid
biofuels, investment in liquid biofuels and investment in electric
mobility and hybrid mobility
• Consequently, it will affect electric cars and biofuels more than other
parts of the green power industry
• That is because they compete directly with rivals such as petrol-
fuelled cars that are becoming cheaper to run as oil prices fall.