Demand of Crude Oil online - PowerPoint PPT Presentation

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Demand of Crude Oil online

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The Crude Oil Price showcased a major escalation in quarter 1 of 2022 after the values shot up from USD88.15 to USD107 per barrel from January and March. India began to see an increase in its oil import bill due to the surge in international oil prices, which surpassed USD100 in H2 of Q1 for the first time in nearly eight years since 2014, as it imports more than 80% of its crude oil from the international market. The crude and gas markets intensified as tensions between the two countries rose following Russian President Vladimir Putin's decision to launch "military actions" along the Ukraine border. However, India was unconcerned about the supply disruption due to political turmoil, as Russia accounted for only 1% of the country's total imports in 2021. – PowerPoint PPT presentation

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Title: Demand of Crude Oil online


1
Crude Oil Price Trend and Forecast
  • In North America, the Crude Oil Price skyrocketed
    during the first quarter of 2022 after they
    escalated from USD82.25 to USD107.24/barrel from
    January to March 2022. In the first month of Q1,
    WTI Crude Oil breached seven-year highs, closing
    on USD86.96/barrel on 19th January. Despite the
    commitment by OPEC, the supplies remained
    disrupted, rather the production was 35 below
    than the expected levels. Exacerbating unrest in
    Kazakhstan, Libya supply outages along with
    geopolitical tensions between Russia and Ukraine,
    worsened the supply shortage pushing up the crude
    futures. A fire on a pipeline transporting crude
    oil from Iraq's Kirkuk oil fields to the Turkish
    port of Ceyhan for export in mid-January sent
    shockwaves through the crude oil market,
    exacerbating supply chain concerns given Iraq's
    position as OPEC's second-largest producer. Crude
    oil prices hit new highs for the first time in
    eight years in the second half of Q1 of this
    year. More few releases from the strategic will
    likely be announced by the US administration.
    Several Western countries imposed harsh penalties
    against Russian enterprises in order to deter
    Putin's hostility.
  • https//www.chemanalyst.com/Pricing-data/crude-oil
    -1093

2
Free Search Crude Oil prices online
3
In North America, the prices of crude oil
skyrocketed during the first quarter of 2022 
  • The prices of crude oil showcased a major
    escalation in quarter 1 of 2022 after the values
    shot up from USD88.15 to USD107 per barrel from
    January and March. India began to see an increase
    in its oil import bill due to the surge in
    international oil prices, which surpassed USD100
    in H2 of Q1 for the first time in nearly eight
    years since 2014, as it imports more than 80 of
    its crude oil from the international market. The
    crude and gas markets intensified as tensions
    between the two countries rose following Russian
    President Vladimir Putin's decision to launch
    "military actions" along the Ukraine border.
    However, India was unconcerned about the supply
    disruption due to political turmoil, as Russia
    accounted for only 1 of the country's total
    imports in 2021.
  • https//www.chemanalyst.com/Pricing-data/crude-oil
    -1093

4
Demand of Crude Oil In the European online
  • The price trend of crude oil showcased a major
    escalation in quarter 1 of 2022 after the values
    shot up from USD88.15 to USD107 per barrel from
    January and March. 
  • The record high prices of oil and Natural gas
    severely hit the European energy market in the
    1st quarter of 2022 after the Russias aggressive
    military attack on Ukraine.

5
Crude oil pricing hit new highs for the first
time in eight years in the second half of Q1 of
this year
6
Crude Oil Supply in Global Market
7
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