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Opec and The Global Market (Example)

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OPEC and the Global Market Name: Institution: Instructor: Date: Abstract The global oil market is characterized by the volatility of prices. However OPEC an organization governing several oil producing countries comes into play in regulating the industry. OPEC also has the responsibility for ensuring stable oil prices a stable and continuous supply of oil to the consumer nations therefore leading to positive returns to the producers or shareholders in this industry. Several factors have been noted to drive the petroleum industry which includes the demand and supply of the product as explained through the integrated model of supply and demand. Other factors include the discovery of new technology to make use of alternative resources like in the United States where Shale oil seems to overtake petroleum from OPEC. The global market is also influenced by the economies of major countries as well as the production of the countries that of the United States to use an alternative source of energy low prices of the petroleum among many other factors. The financial crisis of 2008 is one example of the effect of the economy of the United States and other developed nations on global trade. Oil is therefore noted to be an important item in the global trade. References Carbaugh  R. J. (2017). International economics. Dasgupta  P. (2010). Economics. New York NY: Sterling. Forrester et. al. (2017).Global Oil Market 2017| A Dynamic Oil Landscape. Retrieved from www.theice.com International Energy Agency (2015). Oil Market Report. Retrieved from www.iea.org Khan  A. S. (2013). Oil and Economy: Factors Influencing Crude Oil Prices and the Significance of these on the Global Economy. SSRN Electronic Journal. doi:10.2139/ssrn.2303840 OPEC: OPEC's role and the challenges we face in the petroleum industry. (n.d.). Retrieved from www.opec.org OPEC Today: Influence on Oil Markets May Decrease But Role Still Important. (n.d.). Retrieved from https://www.spe.org/en/print-article/?art=2789 [...]

Order Description:

Your essay should be 5 pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements. Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use academic writing standards and APA style guidelines. The plagiarism should not exceed 15%.Check prior to submitting.

Subject Area: Economics

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $40

Words 1375

Pages 5

Completed in 5 days

Expert Diana M

Client Review

On time, nice job, I got 70% I think my teacher is difficult.

Positive
11.09.2017

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