Crude oil price impact

Answer 1

ANS:
   Due to more demand all over the world oil producers is not producing much more so in this  way demand will increase price will also increase.That is way cruid oil depend on its production and price and it will also bring impact on price and also economic condition.


In the year 2009, the United States of America was dependent on crude oil supply from countries such as Canada, Saudi Arabia, Iraq, Nigeria, Mexico, Algeria, Colombia, Brazil, Venezuela and Angola. The top crude oil supplier to the United States was Canada, which supplied 1.94 million barrels per day. Following suit was Mexico with a supply of 1.13 million barrels per day and 1.09 million barrels per day from Saudi Arabia. Saudi Arabia being the world's biggest oil supplier will concentrate on crude oil supply to India. In March 2010, it pumped 8.2 million barrels per day and UAE's oil production recorded 20,000 barrels a day during the month of March.

In 2015, supply will be surpassed by demand due to recession. Crude oil is likely to peak in the coming years leading to maximum global extraction point. If maximum production level is reached then there will be a decline in crude oil supply. New oil reserves are being explored to meet the growing demand of crude oil. Advanced and new production techniques are likely to be introduced. Non-OPEC members are turning into major oil exporting nations and they play a major role in supplying oil to the United States, which is the world's biggest oil consuming nation. It has been predicted that within 15 years, the global crude oil supply will come from unconventional resources such as heavy crude oil, oil shale and oil sands

Answer 2

I AM DR MOHAMMED SANSONE BAKINDO THE GRUOP MANAGERING DIRECTOR OF N.N.P.C HERE IN NIGERIA LIKE WHAT EVERY ONE NO THAT OUR COUNTRY IS NUBER 9 OIL PRODUCING NATION AND I AM FROM A SALES DEPERTMENT, IN MY CUSTODY IS  A 14 LOADED SHIP IN BUNY LIGHT CRUDE OIL FOR SALE,IT WILL BE SOLD FOR THE RATE OF A MANUFACTURAL TO A RETAILER I.E IT WILL BE SOLD FOR A LOW RATE AND YOU WILL SALE IN LMUCH HIGHER RATE IF YOU ARE INTERESTED CONTACT US WITH THIS EMAIL ADDRESS: [e-mail]

                                              best regard
                                       DR MOHAMMED SANNOSE BAKINDO
                              (gruop managering of n.n.p.c. sales department)