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Revision Presentation - The World Oil Market
Jim Riley
11th January 2010
The forces of supply and demand in the global oil market feature frequently in economics exams. So here is a revision update on what has happened to the world oil market in the last 12 months. It was a year when crude oil prices recovered quite strongly from their lows at the start of 2009. As we head into 2010, the price of a barrel of crude is rising above $80 and strong economic growth in emerging market countries together with the lagged effects of reduced investment in oil exploration and drilling may take prices closer to $100 in the year ahead.
Launch revision presentation on World Oil Market in 2009
Download revision slide handouts