The Factors Affect Oil Prices Rise and Fall
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- Oil is one of the important strategic energy to guarantee the development of modern industry and economy, and is also an important resource, which is scrambled by each interest group in the world. Oil price fluctuation is always regarded as the barometer of worldwide economy, whose each change would be the hot issue to be concerned and discussed generally in political and economic circle in every country. To the basic factors that decide the international oil price, some experts believe it lies mainly in the supply and demand. But behind the international oil price fluctuation existed not only the constantly self-adjust between supply and demand on the world crude oil market, but also the strength competition between nations, for this reason caused the diversity and complexity of the factors, which affected the international oil price fluctuation.
Based on this, we are going to present comprehensively main factors which determine the international oil price fluctuation. So you know what to expect when the seasons change or if tension builds between major oil-producing countries.
Here are the factors affect oil prices rise and fall. So sit back, relax and enjoy this video!
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This video somehow presents very basic information in a manner that makes it more complicated than it needs to be, while also being incredibly misinformed
"United states Emirates"
I see it as no miss pronounce.
Starts at 1:20
What's the overhead vs supply and demand?.
*too greedy and exaggeration
Very good video. I think too much dependency on Oil is the cause of essential commodities inflation. Time to go ahead with E-Car and mix Ethanol with crude.
Go Green
But but sleepy Joe told me we don’t need oil, the future is fossil free.
Oil is used in over 6,000 product's we use today including 'green' energy products like solar panels.
What an idiot this sleepy joe. We live in a oil and gas world. When oil ends, life ends, literally.
@@karedacompany3782 Uh yeah there's about 60-90 years of oil left in the ground (estimates vary) at current consumption levens, which means that if we don't find alternatives, industrialized civilization will cease at one point. The future is either fossil free or non-industrialized which means we go back to pre-1800s times.
@@TJ-vl1ff Hard to tell if thats the truth, or just speculative propaganda to bring us where we are.
@@sokol5805 You think that oil in the ground is unlimited?
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Biased as hell, and out of contact with reality.