International Finance

International Finance Made By: Saloni Agarwal (70) Dristhi Arora (71) Angela Mansukhani (108) Unnati Parmar(118) Ruchika Runwal (120)

Factors affecting global crude oil prices

History

Financial Markets confirming higher oil market

Factors Affecting Oil Prices:

Financial Markets

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Traders & commodities market Speculators Hedgers Average Daily open interest

Demand & Supply

Venezuela’s Production (halfed) Growth in terms of Quality IEA and Non- OPEC countries ( 1.6-1.8 M.) Start-up Petrochemical projects( China& US) ● Import & Exports ● Enviromental Factors ● ● ● ● ●

Inventories

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Oil Reserves US ( shale oil) Gasoline Heating Oil

Geopolitics

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Venezuela US- Iran OPEC & Russia Power outage in canada Dropping inventory- US

Capital Expenditure

● $85 to rise per barrel ● Cut back in capital spending by major oil companies