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The Facts Behind Oil Prices - PolymerMIS

The many variables behind the price of crude oil and ultimately the price we pay for gasoline. For more information please visit the PolymerMIS.<br>www.polymermis.com<br>

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The Facts Behind Oil Prices - PolymerMIS

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  1. www.polymermis.com THE FACTS BEHIND THE FACTS BEHIND OIL PRICES OIL PRICES

  2. www.polymermis.com Fact 1 - GLOBAL DEMAND Fact 1 - GLOBAL DEMAND Growth in newly industrialized countries is a key factor driving physical oil prices. By 2020, China is expected to surpass the U.S. as the largest importer of crude oil. Fact 2 - OPEC Fact 2 - OPEC The OPEC cartel controls most Middle East oil production and, when it restricts production, oil and gas prices increase, sometimes signifi cantly. www.polymermis.com

  3. www.polymermis.com Fact 3 - TAXES Fact 3 - TAXES Governments cause fuel price increases in the form of taxes, subsidies and surcharges – ranging from 15 percent per gallon in parts of the U.S. To 60 percent in some European countries. Fact 4 - ENVIRONMENTAL POLICIES Fact 4 - ENVIRONMENTAL POLICIES U.S. restrictions on offshore drilling are negatively affecting supply by locking up an estimated 7.6 billion barrels of oil and 36.6 trillion cubic feet of natural gas. www.polymermis.com

  4. www.polymermis.com Fact 5 - GEOPOLITICAL CONFLICTS Fact 5 - GEOPOLITICAL CONFLICTS Crude oil prices are surging due to fears of potential supply disruptions related to the rising global tensions surrounding Iran’s nuclear ambitions. Fact 6 - LOGISTICS AND INFRASTRUCTURE Fact 6 - LOGISTICS AND INFRASTRUCTURE The U.S. has lost fi ve percent of its refining capacity in the last few months as a result of rising foreign oil prices and U.S. gasoline demand being at 15-year lows. www.polymermis.com

  5. www.polymermis.com Fact 7 - CURRENCY FLUCTUATIONS Fact 7 - CURRENCY FLUCTUATIONS Because oil is priced in U.S. dollars, it becomes more expensive as the dollar loses value; with the dollar at a three-year low, gasoline prices are nearing all-time highs. Fact 8 - CHANGING SUPPLY LANDSCAPE Fact 8 - CHANGING SUPPLY LANDSCAPE Advancements in technology have enabled supply and production of crude oil in North America to grow, while decreasing supplies of crude in the North Sea has resulted in a dramatic divergence between the price of gasoline on the coasts, and the price in the Midwest. www.polymermis.com

  6. www.polymermis.com PolymerMIS is a trustworthy market and pricing intelligence resource. PolymerMIS provide SMS and web based alerts for a wide range of petrochemical products and feedstock including Crude Oil, Naphtha, Olefin & Polyolefin, Aromatics and Petrochemical intermediates. Subscribe PolymerMIS to get real-time crude oil market updates. www.polymermis.com

  7. www.polymermis.com Contact Contact Corporate Office: 405, DURGA, A-8 Veera Indl. Estate, Off Veera Desai Road, Behind Balaji Telefilms, Andheri (W), Mumbai (Mah.) 400053, India Tel.: +91-22-26736570, Fax: +91-22-26736522 Email: sale@polymermis.com Web: www.polymermis.com Branch Office: 218/A, Bansi Trade Center, 581/5, M.G. Road, Indore, M.P. 452001, India Tel: +91-731-4068185 Fax: +91-731-4068185 Email: sale@polymermis.com

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