https://padlet.com/s10195320/m2ezux2fi8lm Made with a taste for adventure en-us 2019-05-16 05:42:52 UTC 2026-01-20 18:29:45 UTC hello@padlet.com s10194795 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360645631 In this article, it showcases the drop in supply of oil in Iran, and that global demand for oil is elevating slower than expected.]]> 2019-05-16 05:55:18 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360645631 s10194925 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360646762 Explanation (Demand) :
According to the article, the demand for oil is set to increase in the upcoming future, which would cause the supply to sharply plunge. This is due to the fact that in the first quarter of the year, demand for oil decreases. As such, oil prices decreases. In this current time of the year, as oil prices decreases, demand for oil increases (ceteris parabus).

Explanation (Supply) :
The article states that overall global supply of oil is higher than initially expected. This is due to the unexpected slow growth of demand for oil, there was lesser demand for oil than it was estimated to be.The demand for oil decreased. As a result, the inventory of oil swelled up all around the world. Thus, global supply of oil increased.
The oil stocks has dropped in Iran. This is due to the sanctions by the USA, which is the trigger that limited the oil production in Iran. Therefore, supply of oil in Iran decreased.
More information: Oil prices are about just above US$70 a barrel in London as traders await the full impact of American sanctions on Iran. The IEA slashed estimates for global oil demand in the first quarter by 400,000 barrels a day, and for the year as a whole by a more modest 200,000 a day. As a result, the growth rate for 2019 was lowered by 90,000 barrels a day to a still "healthy" 1.3 million a day. Due to unexpected demand weakness, oil stockpiles ballooned by 700,000 barrels a day in - about 7 more than estimated. Stockpiles in developed nations fell by 25.8 million barrels in March. Iran's oil production is at its lowest since 2013, at 2.6 million barrels a day, and may plunge more as penalties take full effect. For the time being the Saudis and other Opec members are keeping output steady, pumping 30.2 million barrels a day last month.]]> 2019-05-16 06:03:38 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360646762 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647102 Explanation:The article revealed that the prices of oil has risen more than 25 percent in 2019. International Brent crude oil futures were up US$1.39 to settle at $61.32 a barrel, a 2.32 percent rise, while U.S. West Texas Intermediate (WTI) crude futures increased $1.32, or 2.54 percent, to settle at $53.31 a barrel.

The increase in price of crude oil is worsen by US sanctions on export from Venezuela and Iran. 

The jack up in prices will affect the T.E.N.P.F and T.E.N.P.M, as the prices of oil is on the rise. This will cause the supply curve to move towards the right and the demand curve to move to the left . 

Supply increases as price increases and sellers are more willing to supply while consumers are less willing to buy due to how expensive it has become . Therefore demand decreases.This causes market in-equilibrium.]]> 2019-05-16 06:05:51 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647102 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647105 In this article , it states that there will be a spike in price of oil.]]> 2019-05-16 06:05:52 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647105 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647566 In this article, it showcases the effects on the China's oil market due to the China-US trade rift
https://www.businesstimes.com.sg/energy-commodities/american-oil-finds-new-markets-as-china-us-trade-rift-grows]]> 2019-05-16 06:09:20 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360647566 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/360665707 Explanation: The article indicates that US acted according to their own motivations and interests by decreasing the oil imports to China by 80 percent. Meanwhile China retaliated by increasing tariffs on American goods and imposed new ones for others. Canada, South Korea and Chile all received positive externalities as they all benefited from the trade war between US and China.

"America shipped 470.2 million barrels to 38 countries from October through March, compared with 359.3 million to 31 nations in the previous six months, according to Census Bureau data compiled by Bloomberg.

The volumes increased even as shipments to China sank nearly 80 per cent.""

 As tariffs on American goods increase, Chinese consumers will have a decrease in demand for the American goods should US chooses to raise the price of the goods being imported to China, it will cause response from the buyers in China as they will tend to choose goods from other countries instead.

"Countries such as Canada and South Korea increased their purchases, while Chile took its first cargoes."]]> 2019-05-16 07:29:00 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/360665707 NAJ1 https://padlet.com/s10195320/m2ezux2fi8lm/wish/361095396 Thank you for posting the articles. They are all focused on the oil industry. And this is good. Carry more out research to find out more information on the global demand and supply of  oil, elasticity of demand and supply of oil and what other geopolitical factors affect the demand, supply and prices of crude oil. 
You may carry on writing the report. ]]> 2019-05-17 08:24:12 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/361095396 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/370518377 2019-07-08 13:33:51 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/370518377 s10195320 https://padlet.com/s10195320/m2ezux2fi8lm/wish/370519594 2019-07-08 13:45:00 UTC https://padlet.com/s10195320/m2ezux2fi8lm/wish/370519594