essentials of Oil & Gas industry Vaisakh Venugopal The assignment helps in understanding the Overview of historical outline and theoretical frame work on origin of oil and gas ‚the Current world energy scenario and relevance of oil and gas‚ What oil and gas is physically‚ chemically‚ technically and economically‚ working of the oil and gas industry: upstream‚ midstream and downstream‚ Oil markets and their working‚ Supply and demand trends‚ forecasts‚ pricing of oil and gas and their derivatives
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MARKET STRUCTURE It is common to see similar products offered for sale at vastly different prices. For example‚ the price of a hotel room can vary from as low as £25 per night to several hundreds of pounds or more in the same city; the cost of gym membership will vary depending on the nature of the business organisation offering the service. An organisation’s ability to influence the price at which it sells its products is largely dependent upon the type of market in which it operates. The
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ExxonMobil Corp.: A Case Study Christina Goris ECO 201 – Microeconomics Dr Greg Randolph June 13‚ 2014 Abstract The purpose of this paper is to outline the company profile for Exxon Mobil; its business stance‚ policies‚ sustainability‚ economic responsibility and profitability. It will examine such factors as supply‚ demand‚ competitive advantages‚ market structure‚ and entry barriers. The oil and gas industry as a whole will referenced with the purpose of giving a better context to the
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Lecture 1 Introduction ©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 1 Themes of Microeconomics Microeconomics deals with limits that economic agents (consumers‚ workers‚ firms‚ etc) face: Limited budgets Limited time Limited ability to produce How do we make the most of limits? How do we allocate scarce resources? ©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 2 Themes of Microeconomics Limited resources (constraints) Choices
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Table of Contents Crude oil......................................................................................................................................1 Ancient Civilisation ...................................................................................................................1 Politics of Black Gold.................................................................................................................1 Physical attributes of crude ...........................
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GUIDELINES FOR BUSINESS NAME APPLICATION 1. A business name represents a style or topic that is used to recognise the identity of the business carried out. 2. A business name can be categorized into two (2) types : a) Personal name as stated in the identity card is not required to apply for approval of the business name. Example: Ruslan bin Mohamed‚ Siow Ah Thai or‚ Ramasamy a/l Mutusamy. b) Trade Name is the name of the proposed business and must obtain prior approval from the Registrar of Business
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SECTION: 16.1 5. There are two types of imperfectly competitive markets: a. monopoly and monopolistic competition. b. monopoly and oligopoly. c. monopolistic competition and oligopoly. d. monopolistic competition and cartels. ANSWER: c. monopolistic competition and oligopoly. TYPE: M DIFFICULTY: 1 SECTION: 16.1 6. Monopolistically competitive firms are
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2 The Economic Approach: Property Rights‚ Externalities‚ and Environmental Problems The charming landscape which I saw this morning‚ is indubitably made up of some twenty or thirty farms. Miller owns this field‚ Locke that‚ and Manning the woodland beyond. But none of them owns the landscape. There is a property in the horizon which no man has but he whose eye can integrate all the parts‚ that is‚ the poet. This is the best part of these men’s farms‚ yet to this their land deeds give them no title
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CHAPTER TWO 2.1 INTRODUCTION The crude oil price and exchange rates are key research subjects‚ and both variables generate considerable impacts on macroeconomic conditions such as economic growth‚ international trade‚ inflation‚ and energy management. The relationships between the two have been studied‚ mainly for guidelines of interaction and causality. In past decades‚ changes in the price of crude oil have been shown to be a key factor in explaining movements of foreign exchange rates‚ particularly
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volatility of some commodities have to be taken in account and show that there are a lot of merger of those activities -Oil and gas sector : sector in which there is a lot of activity‚ merger activities whatever is happening -OPEC : organisation of oil activity -Cartel : monopoly -Cartel politics : are responsible of the volatility of oil during the 70’s – 90’s period -Financing innovations : nothing to do with specific industry = availibility of money. For merger‚ we need money (financial instrument
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