Kuwaiti Oil Barrel Price73.78 Date:20-11-2024
The tasks and sections that contribute to the success of the Organization in achieving the desired objectives, the mission of the Organization of Petroleum Exporting Countries (OPEC), are defined as:
The extent of its impact on the Coronavirus pandemic and prospects for financial stability. - Economic Challenges in Developing Countries: Fears of the Second Wave of the Coronavirus, Global Economic Development Better Pursued and Oil Prices Developed. The latest developments in the extraction and production of oil from the depths of water.
The importance of monitoring the world economy and the importance of Oil demand The Oil market is a major factor in global economic growth: -
World GDP growth forecast World economic growth for 2020 stands at 4% while growth in 2021 is expected to recover to 4.7% New study launched in 2020
The Facts in an Oil Market Study
Study of the Oil market
As mentioned, what are the latest developments in deep water oil extraction and production since the 1980s Oil exploration and production in deep water has become one of the most important trends as different platforms are used to extract Oil. The cost varies according to the depth. At present, deep-water production has become more feasible through advanced technology. (A summary of the latest developments in deep water Oil extraction).
Some of the challenges presented were that the relationship between the economic growth of energy and oil demand continues to decline, and the unexpected external factors that influence forecasting such as natural events or changing fiscal and monetary policies.
The importance of Oil demand This study is important and is one of the most important ones to focus on, given that Kuwait is considered an Oil-exporting country
Conclusion
Ministry of Oil Building - Oil Sector - Third Floor Finance Department