(1969) •Nigeria (1971) •Ecuador (1973) – suspended membership 1992-2007 •Angola (2007) •Gabon (1975–1994) Objectives of Opec • OPEC’s objective is to co-ordinate and unify petroleum policies among Member Countries in order to secure fair and stable prices for petroleum producers; an efficient‚ economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry. • OPEC was formed at a time when the international oil market was largely dominated
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Portfolio PORTFOLIO INVESTMENT TERM PROJECT SUBMITTED BY : HIRA HANIF (14158) M. AHMED (14181) PROGRAM : BBA 8A SUBMITTED TO : SIR. MOHSIN ADHI SUBMISSION DATE : 23/5/2012 Table of Contents TOPIC | PG NO | ACKNOWLEDGEMENT 4 EXECUTIVE SUMMARY 5YIELD CALCULATION 6COMMODITIES GOLD…………………………………………………………………………………………………………………………………
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OIL PRICE SHOCKS: A COMPARATIVE STUDY ON THE IMPACTS OF OIL PRICE MOVEMENTS IN MALAYSIA AND THE UK ECONOMIES Mohammad Helmi Hidthiir‚ Mukhriz Izraf Azman Aziz and Wan Roshidah Fadzim Faculty of Economics Universiti Utara Malaysia Abstract The study investigates the relationship between changes in crude oil prices and Malaysia and the UK macro-economy. A multivariate VAR analysis is carried out among five key macroeconomic variables: real gross domestic product‚ short term interest rate‚ real effective
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oil producing nations cutting back on production‚ therefore raising the price. The energy traders at the New York Stock Exchange shrug it off to supply and demand. Many theorize that America has billions of surplus barrels of oil. I believe it is pure greed from these entities. With so many Americans struggling to survive and just keep food on the table‚ would it not be ethical to enact a type of moratorium on fuel prices? With the Freedom of Information Act working in full force‚ it
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Literature review: Literature review sets out as the main tool of the research study. Data allied to the Textile Sector was scrupulously collected. Sources of data include newspapers‚ journals‚ textile journals‚ research reports. Articles in the newspapers and journals appropriate to the subject have also been examined in detail. We have been listening in news for the past 4 years that the textile industry which used to be the backbone of Pakistan is not growing rather have gone on a declining
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Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ REPUBLIC OF GHANA BUDGET SPEECH BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 2013 FINANCIAL YEAR Parliament On th Tuesday‚ 5 March‚ 2013 PRESENTED TO SETH E. TERKPER Minister for Finance On the Authority Of the H.E PRESIDENT JOHN D. MAHAMA 1 Theme: ―Sustaining Confidence in the Future of the Ghanaian Economy‖ INTRODUCTION 1. Mr. Speaker‚ I beg to move that this
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Gas prices 538852 Fletchers Meadow S.S Fluctuating Gas price Gasoline has become an essential part of life‚ something in which many of us have become dependent on. The price of gas is closely watched by the millions of consumers‚ and with the fluctuating prices it has many of us feeling drained‚ and always asking a common question; why do gas prices rise and fall? There are several factors that cause gas prices to fluctuate. One factor being the price of crude oil itself. Crude oil is used
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Competition in the Retail Gasoline Industry and recommend that it be accepted as fulfilling the dissertation requirement for the Degree of Doctor of Philosophy _______________________________________________________________________ Date: 11/08/07 Price Fishback _______________________________________________________________________ Date: 11/08/07 Date: 11/08/07 Keisuke Hirano _______________________________________________________________________ Stanley Reynolds Final approval and
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journal homepage: www.elsevier.com/locate/enpol Impact of oil price shocks on selected macroeconomic variables in Nigeria Akin Iwayemi 1‚ Babajide Fowowe n Department of Economics‚ University of Ibadan‚ Ibadan‚ Nigeria a r t i c l e in f o Article history: Received 14 January 2010 Accepted 20 October 2010 Available online 11 November 2010 Keywords: Oil price shocks Nonlinear models Nigeria abstract The impact of oil price shocks on the macroeconomy has received a great deal of attention
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example‚ the employment rates‚ inflation rates‚ GDP‚ CPI‚ etc. can all influence the indicators. And the market price is also an important factor. Prices of crude oil‚ metal‚ gold and some other major products of main industries can affect the indicators as well. The indicators always fluctuate as the prices rise and down. The stock indexes increase as the oil price goes up. And as oil price slumps‚ the indexes fall down. And unemployment rates infer the stock indexes decrease. Of course‚ international
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