Exclusive Content:

Migrant workers killed in Baltimore bridge disaster

They came to the United States in search of...

10 comments

Sam Bankman-Fried was sentenced to 25 years...

Telegram users from Ukraine, Belarus and Russia will be able to limit the circle of message senders

This function was announced by the founder of the...

How are oil prices determined?

You may recall that as the COVID-19 pandemic swept across the world, oil prices not only did not go to zero, but actually fell to negative levels. Of course these were numerical data, and again, we all paid for gas. Then the situation changed and in the early months of 2022, the value of crude oil per barrel soared to a record $90 per barrel. If you follow the petrol prices in Turkey Just like in the world, you see that the prices in our country are not very heartwarming.

Good, but how come oil prices, which affect markets totaling trillions of dollars, can rise or fall so sharply. First of all, oil doesn’t just mean gasoline. There are numerous industries where oil is used. The demand for oil from these sectors, supply from producers, special agreements, local effects and many other factors; plays an important role in the oil price. Bride How are world oil prices determined? Let’s try to come to a conclusion by examining the question based on some basic factors.

How are oil prices determined?

Crude oil

Before going into the important factors that determine the price of oil, it is useful to make a basic introduction. Oil has deeply affected many different sectors. and it may seem an extremely important value, as wars are fought in the name of democracy for the sake of democracy, but oil is a commercial good that is produced, sold and consumed just like any other commodity. For this reason, it is also affected by the situations in which the economy is affected.

First of all, it is important how much oil the producers have and how much of it they sell. Let the producer sell as much as he wants, how much oil the consumer buys is even more important. The geopolitical position of the countries is of great importance to producers and consumers. Special agreements made by large consumers with manufacturers can be of a level that will affect the world at large. Finally, if we take local sales into account, the value of that country’s currency against the dollar can even affect the end consumer.

Let’s summarize; if there is enough oil and it is put on the market by the producer, If, with sufficient demand for the product offered, the consumer If the special agreements do not affect the general price policy, if there is stability in the producing and consuming countries, if the local currency of the country is not very worthless against the dollar, then everything is fine. However, you should look at them step by step and know that if the first condition is not suitable, the others are not so important.

Factors that affect the oil price:

Producer oil stock
Consumer demand for oil
Special offers
local influences

Crude oil

Oil supply producers:

Organization of Petroleum Exporting Countries, OPEC for short, in Turkish Organization of Petroleum Exporting Countries There is a union called 1960. This association, of which many oil-producing countries from Africa, the Middle East, South America and Southeast Asia are members, sets rules that regularly limit the amount of crude oil that can be supplied to the market. For example, oil prices are judged on this supply.

strong as the United States and Russia, but Instead of complying with the rules of this union by non-OPEC countries their own oil supply policies have been changing these balance sheets for some time now. The oil supply policies implemented by various oil producing countries, independent of OPEC decisions and other producers, can sometimes cause price changes that will affect the entire world oil industry.

Consumer demand for oil:

The OPEC Union and other countries can supply oil as they please. However Don’t solve the supply-demand relationship, which is the foundation of the economy. With a lot of oil in the middle, if there is no one to buy it, prices can suddenly go upside down. Of course, the same situation affects oil prices in periods when there is not enough oil in the market and demand is high.

This was also the reason why prices fell to minus during the peak period of the COVID-19 pandemic. Nobody needed that much oil because we were at home. We also see the opposite effect when the weather gets colder and the need for oil for heating increases. The same adverse effect occurs in times when gasoline demand is high as commercial and personal transportation increases.

Crude oil

Special offers:

The purchases on the oil market are not always in the form of a thousand barrels of crude oil. Some participants with a high demand for oil, such as airlines, In order not to be affected by the changes in the price of crude oil, they make special agreements on futures and price options. The same method is sometimes used by market speculators and they want to profit a lot from the change in the price of crude oil.

Such special agreements are unfortunately an unchanging reality of the oil market. Because the volatility in the price of crude oil comes on suddenly. This is why is that consumers react to high prices all at once, not gradually. Oil suppliers give a similar response. Either the supply of oil suddenly stops or the demand for oil is cut off. This situation inevitably causes very drastic price changes, and those who do not want to be affected by this situation want to secure special deals or take advantage of whatever they can get.

Local effects:

The most fundamental factors determining the oil price are the geopolitical position and political structure of oil-producing and consuming countries. We were talking about OPEC countries. In these countries there are civil wars or endless conflicts even today. This situation inevitably affects the supply of oil offered to the market. Events such as the Iranian revolution, the Iran-Iraq war, the Arab oil embargo and the wars in the Persian Gulf have destroyed the oil market.

Events in countries that are major oil consumers can also affect oil prices, although not always. Let’s say there is a country that is ruled by a dictatorship. and the local currency gradually depreciates against the dollar. The country in question can no longer demand oil as intensely as before, because the people cannot even buy gasoline because it is crushed under high taxes. These and similar situations can disrupt the supply/demand balance and affect world oil prices.

How are world oil prices determined? by evaluating the factors that affect oil prices We have tried to achieve results that are understandable to everyone. Of course, world oil prices are a situation with many different variables that can sometimes only be understood by experts in the field. You can share your thoughts on the topic in the comments.

Source: Web Tekno

Latest

Migrant workers killed in Baltimore bridge disaster

They came to the United States in search of...

10 comments

Sam Bankman-Fried was sentenced to 25 years...

Telegram users from Ukraine, Belarus and Russia will be able to limit the circle of message senders

This function was announced by the founder of the...

Newsletter

Don't miss

Migrant workers killed in Baltimore bridge disaster

They came to the United States in search of...

10 comments

Sam Bankman-Fried was sentenced to 25 years...

Telegram users from Ukraine, Belarus and Russia will be able to limit the circle of message senders

This function was announced by the founder of the...

Migrant workers killed in Baltimore bridge disaster

They came to the United States in search of a better life. In the middle of the night they found work filling potholes...

10 comments

Sam Bankman-Fried was sentenced to 25 years in prison for various crimes. The collapse of FTX and Alameda Research. The former...

Telegram users from Ukraine, Belarus and Russia will be able to limit the circle of message senders

This function was announced by the founder of the social network after numerous complaints from users about messages from strangers calling for terrorist attacks....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

pron india eroteenies.info sex mumbai video lupusregina beta hentai hentaifile.com cumflation hentai kolkata local sexy video brostube.info desipapacom rostom padilla teleseryeepisodes.com jared bahay isai mini.com dunato.mobi tamil sex lady hentai isekai hentaiup.net hentai massive tits سكس موظف forzaarab.com افلام سكس نيك في الطيز owl hentai hentaihq.org henita manga marvadi sexi hairyporntrends.com malayalam hidden cam sex pron indian cowporn.info xvedios indian favorite seneka sex photos tubeshere.info odia six vido سكس ياباني محارم pornolodim.net نيك زوجة مصرية www xxxindin verpornos.org xxxxnxx india wap sextoyporntrends.com school fucking videos 3x blue film hindi xxxvideohd.net sex mms vedio