Risk Analysis In Oil Refining Sector

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Bo B


Date added:

July 30, 2016








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10 / 2784


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With crude oil at $146 per barrel and raring to cross $200 per barrel this sector is suddenly giving sleepless nights to all the major economies of the world & suddenly going down to close to $47 overnight, it also showed that this particular sector is also quite unpredictable in nature. It is also responsible for increase in inflation throughout the world...
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It is also responsible for increase in inflation throughout the world. The major oil consumers are US and China with India at sixth position the irony is that none of these countries is major producer of oil so they have to rely on other countries like OPEC, Russia for their needs. OPEC (organization of petroleum exporting countries) has 11 member countries and they together account for 40% of total oil production in the world and they have the market share of around 78% in potential crude reserves...
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