Oil market, Pestel analysis, transport, tankers, short term trade, long term trade
Nowadays, the oil market can be considered the engine of the world's economy as each variation on the stock market can have social, political or diplomatic consequences. A world without oil is inconceivable today. We require oil for transport, industries etc. The global oil market is set to change by 2015. The oil giants of yesterday will be left behind by the emerging countries which have discovered their resources in crude oil and the possibility to exploit them.
Although Russia, Mexico and Brazil are currently far from being considered the heavyweights in the oil market today, they look poised to become the main OPEC suppliers by 2030.
If analyzing the market is important (part 1), we have to choose two different suppliers for a short or for a long term analysis.
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