Price of oil in international markets has dropped stunningly 60% in the past twelve months…. 1 answer below »
Price of oil in interdiplomatic chaffers has dropped stunningly 60% in the elapsed twelve months. Among the factors mentioned astern this powerful drop is the millions of barrels of oil performed in the US determined shale oil.” and analyze:
? The chaffer constituency for oil industry
? The minister and call-for for oil in that chaffer constituency
? The pricing of oil at the closeness of OPEC and the role of Speculators
? Why shale oil is a supply for oil and clear-up the tidings in heed to the Cross elasticity of call-for.