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Crude Oil Crisis

Presented By
Hiramani Dalal
Lokesh Ranjan
Shrishti Pandey
Crude Oil

• Crude oil is a naturally occurring, unrefined petroleum product.

• It is a type of fossil fuel.

• Crude oil can be refined to produce usable products such as gasoline,


diesel and various forms of petrochemicals.

• It is a nonrenewable resource
Major Exporters

• Saudi Arabia – 15%

• Russia – 10%

• Iraq – 7%

• Canada – 5%

• United Arab Emirates – 5%


Major Importers

• China

• United States

• India

• Japan

• Germany
Factors Affecting Price of Crude Oil

• Influence of OPEC

• Supply and Demand

• Natural Disasters

• Political Alliances

• Production Costs, Storage


Fluctuations in Oil Prices

• OPEC and Russia

• Russia’ Withdrawal

• Fracking
Effects on India
India imports 82% of its oil requirement of approx. 408000 barrels per
day from foreign countries.

• Higher price – Adverse effects on fiscal deficit

• Impact on the Rupee

• Impact on current account deficit (CAD)

• Impact on stocks

• Impact on Inflation

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