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Price Forecasting
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World Oil Market Outlook in Year 2019
There is no peace in the oil .
During the three months from October to December at last year, North Sea Brent oil prices fell 40% down from $86 to $ 50, and then, in just two weeks, on the eleventh day of the New Year , move up to $61.
Such sharp fluctuations indicative of significant developments awaiting the international economy in particular in the global oil market
These fluctuations first raised questions about the reasons for the oil price rise
As long as we depend on oil to fuel the engines of the world , it will continue to play a major role in our lives, But research is ongoing in many countires to find ways to harness new sources of energy.
Perhaps on day our cars will have electricity powered engines and run on batteries that must be recharged every few hubdred kilometers . Or, perhaps the batteries will draw on the sun's energy and recharge even as we drive. Who knows what the future holds ?
One thing that is certain, however
Why is oil priced and traded in U.S. dollars?
Why is oil priced and traded in U.S. dollars?
Oil is priced in dollars because through Bretton Woods the dollar was pegged to gold and everything else was essentially pegged or floated to the dollar. The world was flooded with dollars after WWII which partially led to the present American consumerism, but it also enabled the world to essentially use the dollar as they would gold. Reserves soon played a role and in order to maintain stability the
Various theories have been advanced over the years as to the origin of petroleum proposing an animal, vegetable,mineral and even meteoric origin.
Today, however,most scientists believe that oil and gas originated in plant and animal matter that accumulated in fine grained sediments at the bottom of ancient seas many millions of years ago .
This theory suggests that oil originated as the remains of countless organisms that either lived in the sea or water deposited there with mud and silt fro
A lot of people have asked about doing a breakdown on Iran and how the USA is draw them out to be.
So today we are going to look at the US Iran conflict and see why we are in the position we are today.
Things we will be looking at in this breakdown are, the current state of economy, what countries play a part in the conflict, we’ll look at a timeline, how the American presidents got along with the different presidents or leaders in Iran, and to wrap things up I will share some of my t
We live in a world dependent on petrochemicals. From the cars we drive to the food on our
plates, the products and materials we derive from petrochemicals are fundamental to many
aspects of modern society. Plastics and fertilisers, the two largest groups of chemical sector
products, are indispensable in our everyday lives. Plastics is the fastest-growing group of bulk
materials in the world, and synthetic nitrogen fertilisers underpin nearly half the world’s food
production
The oil and gas industry is facing challenging times, particularly from changes in the political landscape and increased price volatility. Understanding the nuances of working internationally, often in emerging economies and less stable regimes, is key to ensuring that business risks are appropriately managed.
My oil
My identity
The main methods used to help forecast oil prices include futures prices, fundamentals, the cost of production, the exchange rates of commodity-exporting countries, technical analysis, hotellings rule and finally todays price. This list is not exhaustive and by their nature are often used in combination with other methods and used in different ways over short and long-term forecasting periods.
Futures prices as a predictor
Futures prices are often used in the macroeconomic models built
The oil price is not only relevant for insiders in the oil industry. It is important for the entire economy; politicians and central banks keep their eye on it. But how is the price of oil actually determined?
Like every price, the price of oil is a result of the interplay between supply and demand. Plus, there is the economic environment which can lead to longer-term changes.
An overview of the key factors:
The supply
There are different oil grades and countries where these are pr
Global Energy Advisory – 7th August 2019
Smoke and Mirrors in the Strait of Hormuz
Iran has seized another ship in the Persian Gulf. That makes three such seizures in a month. Iran claims the ship was smuggling fuel to Arab states, and was suggesting that the tanker was Iraqi, which Baghdad denies. Seven crew members were on board, and are now detained, according to Iranian news agencies. In all likelihood, the small vessel was, indeed, smuggling fuel, but Iran is interested presently in
Without production , we can neither provide people with employment opportunities nor possess the goods and services that we are in need of.
Petroleum’s importance to humankind took a giant leap in the late 1800’s when it replaced coal as the primary fuel for the machines of the industrial revolution. In today's industrialized society , petroleum means power .
It provides the mechanical power to run machines and industries and also the political power that comes from being able to shut down the machines and industries of those who depend on you for their oil supply.
Oil prices used to have a predictable seasonal swing. They spiked in the spring, as oil traders anticipated high demand for summer vacation driving. Once demand peaked, prices dropped in the fall and winter.
Oil Marketing Strategies
(New global and local market, Creation of added value through differentiation and high quality products )
By : Mohammad(Masih)Rezvani_Ph.D
Preface :In recent years, a series of events and changes has profoundly altered the operating environment in the oil sector. amplifying the changing and expanding market place in which improved market orientation, especially from the production sector, is necessary .
In my view , the "Factor or drivers of change" in the oil
The erratic price trajectory in oil markets in recent decades can largely be explained by demand and supply curves. Although price movements are of course determined by changes in both supply and demand, the separate impact of these two factors can be disentangled .
Also The world oil market has changed profoundly in the last few decades, but a few outdated conceptions persist. For example, a common misconception is that world oil is dominated by a handful of multinational corporations.
Wha
Oil is a sacred cow not to be touched.
Silent Weapons for Rapidest Oil Wars
How can Keeping oil prices high ?
For what reason(s) overnight the oil world and the strategy scene changed ?
How Oil can finds a new King ?
With evolving and increasingly sophisticated econometric tools to describe and ‘map’ the total economy and its energy requirements well into the future, and having engineered the transformation of the economy of the world from coal-driven rail to oil-driven transport, the
Please tell me your view
Five oil tanker full of sanctioned fuel are currently making their way across the Atlantic Ocean.
On the 2nd of June 2020 ,
Major Failur for the Trump administration
What scenario will happen?
Trump either has to think about the bad domestic situation caused by COVID-19
Or he should be thinking about maintaining his global reputation .
Is Trump willing to sacrifice his people for politics?
The conditions under which Trump must spend time softening the global community to stabiliz
With U.S. sanctions having successfully reduced Iranian oil exports to near-zero, one might think that the Islamic Republic would be on the brink of collapse. The reality, however, is that Iran has managed to build alliances across the Middle East that can be seen as a real coup in its geopolitical struggle against Saudi Arabia and the U.S.
If Saudi Arabia and other neighboring countries succeed in replacing Iranian oil in world markets and if the nuclear deal does not continue , What is the fate of Iran in the world market?
Saudi Arabia is really playing a devastating role against Iran.
Trump killed Iranian commander to escape from impeachment - what I believe.
But if Iran responds anything, then it will turn to mess in middle east and it will effect on Iranian oil supply.
Does the world agree with Iran's oil sanctions ???
Oil exporting countries are seeking to stabilize high oil prices and importing countries are trying to pay a low stable price for their oil purchases, so this process can be discussed as a two-table game, and such an expression on the oil market. The oil market is a mutual monopoly market.
In determining the price of crude oil, each party tries to change the price in its favor. Buyers try to cut prices and sellers try to raise prices. One of
Oil exporting countries are seeking to stabilize high oil prices and importing countries are trying to pay a low stable price for their oil purchases, so this process can be discussed as a two-table game, and such an expression on the oil market. The oil market is a mutual monopoly market.
In determining the price of crude oil, each party tries to change the price in its favor. Buyers try to cut prices and sellers try to raise prices. One of the important factors that can influence the price s
I imagine if this happens and Iran cannot export oil
The world will shaking
Prices will rise a lot
Inflation will be very high
i am imaging that US & world powers countries need Iranian oil exports as leverage over Gulf states
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About this blog
What determines oil prices?
Entries in this blog
World Oil Market Outlook in Year 2019
will society always be dependent om oil ? Why have we not replaced oil with a non-polluting renewable energy source ?
Why is oil priced and traded in U.S. dollars?
when did humans first learn to use Petroleum ??
What’s the history between US and Iran that has led to the escalated US- Iran conflict and allegations of economic terrorism?
What way the petrochemicals products is going ?
What is most important challenge for oil and gas industry ???
What are the techniques used to forecast oil prices?
The price of oil: How is it determined?
