ABCD The Oil Crisis
Oil is one of the most important commodity in terms of its usage in the global economy and it feeds into everything and impacts a country’s economic growth. The effect of change in oil prices ripples across all nations and all sectors of the economy, directly or indirectly. Oil prices are influenced by three major factors: Supply, Demand and Geopolitics. The political scenario in the oil rich regions, particularly, the OPEC countries directly influence the oil supply resulting in peak or low oil prices. The impact of the same can be seen on the world as well as in forms ....
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