The Role of Crude Oil in the Modern World Cover Image

Rola ropy naftowej we współczesnym świecie
The Role of Crude Oil in the Modern World

Author(s): Wojciech Krajewski
Subject(s): Business Economy / Management, Energy and Environmental Studies
Published by: Społeczna Akademia Nauk
Keywords: crude oil; pandemic; supply and demand; crude oil price;

Summary/Abstract: Recent events related to the pandemic have caused major changes in the raw material markets and, in particular, crude oil. The reduction in demand has led to the creation of huge stocks, and this has resulted in a fall in prices. How does this translate into mining, fuel prices and economic relations between oil-producing countries? How does OPEC behave? These interesting issues are discussed in this paper, showing not only statistical data.

  • Issue Year: 21/2020
  • Issue No: 2
  • Page Range: 69-89
  • Page Count: 21
  • Language: Polish
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