CHECK THESE SAMPLES OF Petroleum Pricing
The author of the paper "How to Find, Capture, and Control the Most Lucrative Markets in Any Business" will begin with the statement that every business unit offering goods or services to a customer has the long-run objective to gain the larger market share compared to competitors.... hellip; The conclusion states that oligopolistic industries are impacted by the price strategies of the competitors because these few firms are interdependent and the change of price by one firm leads to the reaction of another....
7 Pages
(1750 words)
Assignment
There is no question that oil, or petroleum or gasoline, is a precious commodity that built a lucrative industry.... The petroleum industry kicked off when tar, distilled from petroleum, was used to pave the streets of Baghdad in the 8th century.... Then in the 9th century, naphtha was produced from the oil field of Baku, Azerbaijan and Muhammad ibn Zakarīya Rāzi produced kerosene from distilled petroleum for use on lamps (Bilkadi, 20-27)....
12 Pages
(3000 words)
Case Study
The Organization of the Petroleum Exporting Countries (OPEC) regulates the petroleum market and its central objective is to implement petroleum policy objectives in member states that work towards cohesion in the pricing of oil markets, whilst simultaneously facilitating a… Additionally, through working towards a unification strategy, OPEC's objective is to balance economic stability against consistent returns for investors in the petroleum industry.
OPEC was created at The founding statute of OPEC in 1960 highlights its purpose as being geared to ensuring stability in the petroleum market with “steady supplies to consumers, reasonable prices and fair returns to investors in the oil industry” (www....
4 Pages
(1000 words)
Essay
Globalization derives an economy-stabilizing factor that contains trade deficit, down equity markets, and Petroleum Pricing thus improving the world economy.... The innovations on information technology influence the legal profession where the developed countries like US are on the frontline to adopt the innovations....
2 Pages
(500 words)
Essay
On November 28th 2012, the Financial Times ran a story reporting the British petroleum's ban from winning any business tenders with the government of the United States of America.... The British petroleum thereafter pleaded guilty of all the accusations leveled against it by the American government after which it embarked on a massive environmental cleaning process and the compensation of all the victims of the accident....
11 Pages
(2750 words)
Essay
In case a retailer decides to market its gas at a high price without considering the pricing of the competitors, then consumers will go and buy gas from the competitor selling at lower prices.... When this happens, the retailer will lose business due to the high pricing and this will compel him to lower his gas prices in order to be competitive and maintain his customers (“What Affects Fuel pricing”).... In recent times, the prices of crude oil have increased dramatically as a result of the rising world demand and political instability in most of the oil producing countries (“What Affects Fuel pricing”)....
8 Pages
(2000 words)
Research Paper
While the top 10 oil firms own, directly or indirectly, about 80%of all oil reserves, they are also This Oligopolistic market structure enables the players in the oil industry to earn supernormal profit through monopolistic pricing.... The paper “Structural Characteristics of OIL Industry” looks at petroleum and its close associate, Natural gas, which has been one of the key energy sources for the ever energy-hungry human race, and this industry has played a critical role in shaping the political, economic and social structure....
12 Pages
(3000 words)
Essay
This research will begin with the statement that BP is one of the largest international petroleum and petrochemical companies.... It is an integrated energy firm involved in oil and gas detection, manufacture, refinement and advertising, and the manufacturing and marketing of petrochemicals....
12 Pages
(3000 words)
Assignment