Uk Oil Industry
Introduction Origin of the Assignment:
This assignment is prepared with the respect to the Module of “Business Environment.” I am assigned to prepare a paper by our honorable instructors Ellie Semsar to examine the factors that influence and determine the oil price in UK oil industry. The report also aims to provide how much and to what extent, Government policies influence oil prices in UK.
Objective of the Assignment:
This assignment has been prepared considering a number of objectives. The objectives are: * Identify and evaluate the factors that influence and determine the oil price in UK oil industry. * Understand how and to what extent UK government policies make an impact on the oil prices. * To show the analysis of the current oil prices and report how the trend goes. * To perform necessary analysis and present it with charts and tables from reliable sources. * To explain the factors that influence supply and demand of oil prices in UK * To show an understanding of relevant economic principles, concepts and theories * Understand and apply the main techniques of economic analysis.
Sources:
Primary sources couldn’t be managed to prepare this assignment. Secondary Sources have been used to make this report. Secondary information was collected from online journal, articles and the official web sites of Nestle. Some other sources that have been used to find out the information are given on the Bibliography section.
Background of Oil industry in UK
Oil is one the most important resources in the world that controls every spheres of human lives. Especially in Developed countries, oil seems to be most needed. Crude market oil are very much needed in different operations of developed countries, with 84,249,000 barrels consumed globally each day as of 2009. (Ross Lane, 2012). Because of the oil supplies in UK, oil prices vary greatly from time to time. This assignment analyzes the current market situation for oil prices in UK.
This assignment is prepared with the respect to the Module of “Business Environment.” I am assigned to prepare a paper by our honorable instructors Ellie Semsar to examine the factors that influence and determine the oil price in UK oil industry. The report also aims to provide how much and to what extent, Government policies influence oil prices in UK.
Objective of the Assignment:
This assignment has been prepared considering a number of objectives. The objectives are: * Identify and evaluate the factors that influence and determine the oil price in UK oil industry. * Understand how and to what extent UK government policies make an impact on the oil prices. * To show the analysis of the current oil prices and report how the trend goes. * To perform necessary analysis and present it with charts and tables from reliable sources. * To explain the factors that influence supply and demand of oil prices in UK * To show an understanding of relevant economic principles, concepts and theories * Understand and apply the main techniques of economic analysis.
Sources:
Primary sources couldn’t be managed to prepare this assignment. Secondary Sources have been used to make this report. Secondary information was collected from online journal, articles and the official web sites of Nestle. Some other sources that have been used to find out the information are given on the Bibliography section.
Background of Oil industry in UK
Oil is one the most important resources in the world that controls every spheres of human lives. Especially in Developed countries, oil seems to be most needed. Crude market oil are very much needed in different operations of developed countries, with 84,249,000 barrels consumed globally each day as of 2009. (Ross Lane, 2012). Because of the oil supplies in UK, oil prices vary greatly from time to time. This assignment analyzes the current market situation for oil prices in UK.