Managerial Economics SWOT ANALYSIS OF CRUDE OIL INDUSTRY INTRODUCTION Crude Oil Industry Crude oil is one of the most necessitated worldwide required commodity. Any slightest fluctuation in crude oil prices can have both direct and indirect influence on the economy of the countries. The volatility of crude oil prices drove many companies away. Therefore‚ prices have been regularly and closely monitored by economists. Now a days prices have shoot up to record levels of USD 125
Premium OPEC Petroleum Supply and demand
EFFECT OF ETHNICITY ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA CHAPTER 1 1.0 INTRODUCTION Nigeria is by far the most populated of Africa’s countries‚ with more than one-seventh of the continent’s people. The people belong to many different ethnic groups. These groups give the country a rich culture‚ but they also pose major challenges to nation building. Ethnic strife has plagued Nigeria since it gained independence in 1960. Officially known as the ‘Federal Republic of Nigeria’‚ she has a federal
Premium Nigeria
Ch. 5 | Balance of Payments and International Economic Linkages Balance of payments - accounting statement of the international transactions of one nation over a specific period of time (transactions between US residents and residents of all other countries during that year). Divided in different components: Current Account - purchases and sales of goods and services Financial Account - capital transactions Reserves Account - changes in official reserves Debit entry - purchase of domestic
Premium International trade International economics Macroeconomics
(Purchasing power parity) because every economy have differences in population and in purchasing power parity. For example; China have higher population than USA and that mean more working people in economy (Reason for per capita). Also living cost and price of standard basket of goods and services is higher in USA than in China ( Reason for PPP). b. When I compared ranking of economies in table 1.(2011) and table 2. (2010) there is a difference in ranking. The strongest economy is still USA but second
Premium Management Marketing Strategic management
policies to reduce a balance of Payments Deficit 1. Devaluation. This involves lowering the value of the currency against others. · If there is a devaluation in the currency the price of importing French goods increases and therefore the quantity demanded falls. · Exports will be cheaper in price for the French and will increase the quantity of exports · Therefore we would expect a devaluation to lead to an improvement in the current account. However it does depend upon the elasticity of
Premium Inflation International trade Supply and demand
Assignment 2 China’s Balance of Payments analysis Report Abstract In recent years‚ China’s balance of payments always keeps “double favorable balance”. In 2005‚ China’s national economy developed quickly and stably. The exchange rat of RMB became more flexible. The current account surplus increased obviously and the capital account surplus decreased. The foreign exchange reserve still increased quickly. In 2005‚ Chinese government did some fiscal policy and monetary policy. Such as decreased
Premium Macroeconomics International economics Bretton Woods system
Price effect: The price change effect on consumption can be broken down into two parts depending upon the change relative in pricing of products and income. The first one is called substitution effect wherein price change of a product leads to change in consumption‚ here the income remains constant. The second is the income effct wherein the relative income of people changes which leads to a change in the purchasing power‚ here the price is considered constant. * prices change >> income
Premium Consumer theory Supply and demand
REFINING TANKRADAR REX 3950 Refinery improved crude oil inventory control with Rosemount Tank Gauging products RESULTS • Improved crude oil inventory control • Decreased operating and maintenance costs • Reduced safety risks APPLICATION Level and temperature measurement in crude oil storage tank CUSTOMER Refinery in South-East Asia CHALLENGE This refinery had a problem with the accuracy of crude oil inventory measurement. The inventory must be closely monitored so that the tanks are not overfilled
Premium Petroleum Sensor Tank
Wednesday‚ 2 January 2008‚ 22:36 GMT What is driving oil prices so high? Oil prices have hit a record high at $100 a barrel. Prices have doubled from the rates seen in January 2007 and more than quadrupled since 2002. What factors are causing this unremitting increase and what are the likely consequences for consumers and the global economy? What is causing the latest price spike? This was triggered by concerns about violence in Nigeria and Algeria as well as the delay of the elections in Pakistan
Premium Supply and demand Petroleum Peak oil
1.0 Introduction 2 1.1. Seria Crude Oil Terminal 2 2.0 Contents 2 2.1. Equipment or tools 2 2.2. Processes 4 2.3. Advantages and Disadvantages of Processes 6 3.0 Conclusion 6 4.0 Reference List 6 1.0 Introduction 1.1. Seria Crude Oil Terminal The Seria Crude Oil Terminal (SCOT) is owned by the Brunei Shell Petroleum (BSP) which is located on the Seria field in Brunei. Its provide collections‚ storage and export facilities for crude oil and it was establish in 1972. 2
Premium Petroleum Natural gas Heat