Jul 12, 2017 Others

How oil is impacting the saudi economy ? What causes the oil price in saudi arabia to fall down And what`s the strategy of OPEC And why is OPEC open cut off 50% of their margin and they are okay with it ?

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Oil in Saudi Arabia

INSTRUCTIONS:

i want this essay to be about the saudi oil How oil is impacting the saudi economy ? What causes the oil price in saudi arabia to fall down And what`s the strategy of OPEC And why is OPEC open cut off 50% of their margin and they are okay with it ? And still is not a big loss for them and please make it easy to understand because i will do a presentation out of the paper

CONTENT:

OIL IN SAUDI ARABIA Name Instructor 5th November 2015 Oil is an important engine of every economy. It is a source of energy needed for industrial activities, transport, power generation and many more. The oil industry plays a very vital role in the global markets and the resultant global economies. The production of oil has dynamics that influence the mining, prices and sustainability. One of the countries that produce oil is Saudi Arabia. Analysis is given to the changes taking place in their production from exports and the changes in prices that have occurred to the sector and its influence on the economy. Saudi Arabia is the world’s largest hub for oil. Of all the known global oil reserves, it accounts for one quarter. The production is in terms of eight million barrels daily which is to be increased in future (Royal

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