Profit Rs.2000 Per Lot (Daily Basis) in Mcx Crudeoil Tips : Register Here

Profit Rs.2000 Per Lot (Daily Basis) in Mcx Crudeoil Tips : Register Here


DAILY 20 Points NET PROFIT Crudeoil Pack

Free Intraday Tips : Join Our Whatsapp No : 9841986753
   Free Commodity Tips : Join our Whatsapp No : 9094047040



CRUDE OIL
 
Almost all industries including agriculture are dependent on oil in one way or other. Oil & lubricants, transportation, petrochemicals, pesticides and insecticides, paints, perfumes, etc. are largely and directly affected by the oil prices.Aviation gasoline, kerosene, jet fuel, liquefied petroleum gas, lubricants, paraffin wax, petroleum coke, and other products are obtained from the processing of crude and other hydrocarbon compounds. The prices of crude are highly volatile. High oil prices lead to inflation that in turn increases input costs; reduces non-oil demand and lower investment in net oil importing countries.

Global Market:
Oil accounts for 40 per cent of the world's total energy demand.The world consumes about 76 million bbl/day of oil.


OPEC fact sheet
OPEC stands for 'Organization of Petroleum Exporting Countries'. It is an organization of eleven developing countries that are heavily dependent on oil revenues as their main source of income. The current Members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. OPEC controls almost 40 percent of the world's crude oil.


Indian Market
India ranks among the top 10 largest oil-consuming countries. Oil accounts for about 30 per cent of India's total energy consumption. The country's total oil consumption is about 2.2 million barrels per day. India imports about 70 per cent of its total oil consumption and it makes no exports. The oil reserves of the country (about 5.4 billion barrels) are located primarily in Mumbai High, Upper Assam, Cambay, Krishna-Godavari and Cauvery basins.Crude price is having a high correlation with the international market price.


Market Influencing Factors
* OPEC output and supply
* Terrorism, Weather/storms, War and any other unforeseen geopolitical factors that causes supply disruptions
* Global demand particularly from emerging nations
* Dollar fluctuations
* DOE / API imports and stocks
* Refinery fires & funds buying


Exchanges dealing in Crude Futures
The New York Mercantile Exchange (NYMEX).
The International Petroleum Exchange of London (IPE).
The Tokyo Commodity Exchange (TOCOM).