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well a naural recource such as crude oil is for the rainforest and the rainforest eats it and the life on earth can be alive so we dont die of hydrocompreaditcionpolaciad diesea
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What is meant by the term market power?
Market power is an often used term in studying economics and understanding why things happen in the business world. Generally speaking, market power means that a company or an industry can influences prices of various products. A large oil company for example, can influence market prices of crude oil by pumping out an unusual amount of crude oil for the market place. This in its course will lower crude prices.
How does one get a start in the business of crude oil trading?
To start trading in crude oil futures, the fist thing one should do is read up on the futures market and understand how it operates. A familiarity with the oil industry and the environmental and economic factors that affect its profitability is also helpful. Or, one can select a broker who is an expert in the commodities futures market and has experience in crude oil trading.
What was the price of crude oil in the 1980s?
In 1977, the average price for a barrel of crude oil was $14.40 (about $60.00 in today's dollars).
What is atb in crude oil business?
authority to board
Why is crude oil important to us?
Crude oil is crucial because it is a vital source of energy, and many countries have been affected by the oil market itself.
What is tto in crude oil business?
Tanker takes over
Why is the US obligated to sell its own crude oil on the open market?
In the US, the oil companies will generally either sell their oil on the open market, to get the best price possible, or will use the oil in their refineries. There are a number of exceptions. They may have a heavy crude, and it is to their advantage to lock in a long term delivery contract to a refinery.
What are the major changes that have occurred in the market for crude oil?
world changes in the past two decades
What exactly is brent crude oil futures?
Brent crude oil futures are stocks whose price flactuates every now and then. This is affected by various factors in the market but mostly that of demand and supply.
Can I buy and sell crude oil like stocks?
Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
What is Nigeria's position in the world in producing crude oil?
Crude oil is crude..
How are polymers made into crude oil?
Polymers are not made into crude oil. Crude oil is made into polymers.
