Oil Price Reduce14
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The Fall of Crude Oil Price in 2014 Presented by: Man Jul Joe
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Oil Price Reduce in 2014
Transcript of Oil Price Reduce14
The Fall of Crude Oil Price in 2014
The Fall of Crude Oil Price in 2014Presented by:Man JulJoe
IntroductionOil price as one of the main energy supplierAverage of oil price per barrel between 2011 2014 (USD 109)Towards end of 2014 and beginning of 2015 (USD 49.66)
Decrease of Oil PriceInnovative drilling method releasing oil and natural gas from shale minerals US Dollar WeakensMaintaining oil production in Islamic State despite War
Decrease of Oil Price (cont)OPEC group pressureCut Production opposed by Saudi Arabia
Oil Demand declined Asian countriesInflation
Impact of Oil Price DecliningEnergy cost becomes cheaperReal Income ShiftFiscal Policy
EndQuestions ?
