Analysis of Petroleum Price in World Market During Recession Period
Contents
Cover I
Foreword II
List of Contents III
I. Preface 1
II. Theories 3
III. Contents
i. Factors that influence the price of petroleum in the world 6
A. Limited resources 6
B. Unlimited resources usage 6
C. Inflation and economic crisis 7
D. Petroleum Price Speculation 8
E. Government Regulation 8 ii. The Chronology Analysis of Petroleum Price 9
A. Oil Prices in 1869-1967 9
B. Middle East Supply Interruptions 10
C. OPEC Fails to Control Crude Oil Prices 10
D. Prices of oil between 1980-1986 11
E. Oil prices in early of 1990’s 11
F. Oil prices in 2000’s 11 iii. The Depth Analysis on Petroleum Price During Recession Period 12
A. 1973 GLOBAL RECESSION 13
B. 1979 GLOBAL RECESSION 14
C. After 1980 GLOBAL RECESSION 15
D. 1990-1993 GLOBAL RECESSION 16
E. 1999 GLOBAL RECESSION 16
F. 2008-2009 GLOBAL RECESSION 17
IV. Conclusion 18
I. Preface
As we know, petroleum is the limited resource. It’s only available in Saudi Arabian, Iraq, Iran, and some other countries. And the remaining accessible reserves are consumed more rapidly each year. This kind of problems cause petroleum’s price becomes very important in trading world, since so many countries still hang on to the other countries, which produce mass amount of world petrol. Therefore, it is possible for oil-producing countries to dominate the world oil price in the market. Thus a mechanism is needed to determine the price of oil on world markets so that measures taken advantage of all parties.
Some of the factors that influence world oil’s price are demand and supply. Demand growth of world petrol is highest in developing countries. Developing countries can supply up to 2/3 of total world petrol but only demand 1/3 of it. The United States is the world’s largest consumer of petroleum. United States demand 2/3 of it. Although United States and other developed countries can only supply 1/3 of total world petrol. Besides demand and supply concerns, many other issues have also had some
Cover I
Foreword II
List of Contents III
I. Preface 1
II. Theories 3
III. Contents
i. Factors that influence the price of petroleum in the world 6
A. Limited resources 6
B. Unlimited resources usage 6
C. Inflation and economic crisis 7
D. Petroleum Price Speculation 8
E. Government Regulation 8 ii. The Chronology Analysis of Petroleum Price 9
A. Oil Prices in 1869-1967 9
B. Middle East Supply Interruptions 10
C. OPEC Fails to Control Crude Oil Prices 10
D. Prices of oil between 1980-1986 11
E. Oil prices in early of 1990’s 11
F. Oil prices in 2000’s 11 iii. The Depth Analysis on Petroleum Price During Recession Period 12
A. 1973 GLOBAL RECESSION 13
B. 1979 GLOBAL RECESSION 14
C. After 1980 GLOBAL RECESSION 15
D. 1990-1993 GLOBAL RECESSION 16
E. 1999 GLOBAL RECESSION 16
F. 2008-2009 GLOBAL RECESSION 17
IV. Conclusion 18
I. Preface
As we know, petroleum is the limited resource. It’s only available in Saudi Arabian, Iraq, Iran, and some other countries. And the remaining accessible reserves are consumed more rapidly each year. This kind of problems cause petroleum’s price becomes very important in trading world, since so many countries still hang on to the other countries, which produce mass amount of world petrol. Therefore, it is possible for oil-producing countries to dominate the world oil price in the market. Thus a mechanism is needed to determine the price of oil on world markets so that measures taken advantage of all parties.
Some of the factors that influence world oil’s price are demand and supply. Demand growth of world petrol is highest in developing countries. Developing countries can supply up to 2/3 of total world petrol but only demand 1/3 of it. The United States is the world’s largest consumer of petroleum. United States demand 2/3 of it. Although United States and other developed countries can only supply 1/3 of total world petrol. Besides demand and supply concerns, many other issues have also had some