Crude oil price analysis and its impact on world economy

Violetta Hamidulina

Bakalářská práce

Abstract:

This thesis is a study of the factors that underlie the changes in crude oil prices, analysing the period from 1965 to 2016. For today, the prices for a huge number of different products, one way or another, directly depend on the price of oil. Analysis of the time gap clearly shows that changes in world economic activity have a profound impact on the change in the prices of crude oil during economic recession and expansion. The role of OPEC countries in the world oil market in modern conditions is conditioned by the fact that the organization of the countries of oil exporters is the main regulator of quotas for the extraction of hydrocarbons. It shows the average price of oil, which is supplied to the world market of the country by an international organization of oil exporters. OPEC has significant influence over pricing, production levels and the degree of capacity utilization. The economic policy of the OPEC countries not only has a significant influence on the international economic system, but also directly depends on the rate of its development.In the course of the research, the analysis of the factors that formed prices on the world oil market was carried out, and the fundamental, conjuncture and speculative components of the pricing mechanism were identified.

Keywords

Shale, Prices Analysis, Crude oil, Gas, OPEC

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 21. 3. 2018

Obhajoba závěrečné práce

• Vedoucí: doc. Ing. Mansoor Maitah, Ph.D. Ph.D.
• Oponent: Karel Malec, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

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