Topic Videos
Markets in Action - Crude Oil Prices
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 Nov 2020
This study resource contains two short videos exploring supply and demand factors that influence the global price of crude oil.
Markets in Action - Supply and Demand in the Global Oil Market
In this video, we look at some of the key supply and demand factors that influence prices in the global market for crude oil. We also mention the role of OPEC as a swing producer aiming to influence the direct of world crude oil prices.
Markets in Action - Changing Equilibrium Prices for Oil
In this second video, we analyse how changes in market supply and demand can cause changes in the market clearing price for crude oil on world markets.
You might also like
Price Mechanism (Revision Presentation)
Teaching PowerPoints
Challenges for OPEC as US Shale Production Soars
19th October 2014
Prebisch Singer Hypothesis
Study Notes
Is Norway suffering from Dutch Disease?
9th February 2014
Price mechanism in action - student car insurance
16th October 2010
World Food Prices
Study Notes