The analysis of crude oil price and its determinants - Case study of Algeria

Hiblo Fituri

Bakalářská práce

Abstract:

The aim of the thesis is to analyze the causes of the economic and interpretations that led to fluctuations in the oil market with focus on Algerian economy performance and GDP. In order to describe the historical development of the oil industry, the methodologies used are descriptive, comparative and historical. The analytical methodology will be also used to analyze and interpret the curves and the factors causing the instability of the oil market, in addition I will analyze the effect of oil shocks on fiscal policy in Algeria.The thesis is dived into two parts. First part is the theoretical part including: crude oil history, types and its phases. Also a description about OPEC, world crude oil market and reserves will be included. The concept of crude oil price crisis and global inflation will be introduced.The second part will analyze the impact of crude oil prices on Algerian economy. Algeria is a member of OPEC since 1969, its economy performance is heavily dependent on crude oil exports, which is 95% of total export revenues. The market of crude oil is affected significant factors such as supply, demand and political events as well as global crisis have direct impact on the determination of crude oil prices, which can affect the economic performance of Algeria positively or negatively.

Keywords

crude oil, oil price, reserves, OPEC, Algeria, GDP, economic performence

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 14. 3. 2016

Obhajoba závěrečné práce

• Vedoucí: doc. Ing. Mansoor Maitah, Ph.D. Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program / obor:
Economics Policy and Administration / Business Administration