【#文档大全网# 导语】以下是®文档大全网的小编为您整理的《导致石油价格变化的关键因素英语作文》，欢迎阅读！
导致石油价格变化的关键因素英语作文
The market supply and demand factors of crude oil include the supply. consumption and inventory of the crude oil market. When the supply increases and the consumption decreases. the oil price falls; when the supply decreases and the consumption rises. the oil price rises. The influence mechanism of the inventory on the price is more complicated. Generally speaking. the decline in the inventory will promote the increase in the oil price. while the increase in the inventory is the opposite. However. there are also cases where the crude oil inventory fluctuates in the same direction as the price.
Oil is the blood of modern industrial society. On the one hand. it will affect the global economy. On the other hand. the global economy will also affect the price of crude oil. When the global economy continues to prosper. the demand for crude oil will generally increase. and on the other hand. the demand will decrease. Therefore. when the global economy encounters major problems. the price of crude oil will be greatly suppressed. For example. the subprime mortgage crisis in the United States in 2008 caused the
global economy to suffer a heavy blow. and the price of crude oil fell from an all-time high of 147 US dollars per barrel.
The two most influential energy organizations in the international oil market are OPEC and the IEA. The former controls most of the world's remaining oil resources. while the latter has the world's largest oil inventory system. Both have the ability to reverse the market supply pattern and change market expectations in a short period of time. OPEC and the IEA have different policy starting points. but their agreement on stabilizing oil prices at a reasonable price range is basically the same. The former uses the release of surplus production capacity. while the latter uses the release of strategic reserve stocks to curb the rapid rise in oil prices in the short term. In addition. historical experience shows that the impact of major political and economic events on the international oil market cannot be ignored (especially wars). Almost any unexpected event will affect the psychological expectations of market traders to varying degrees. which will lead to huge fluctuations in the market in a relatively short period of time. For example. the Gulf War and the US attack on Iraq all caused oil prices to rise sharply in the short
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2023-12-01
