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Topic: English
Number of pages / Number of words: 5 / 1379
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West Asia (or the Middle East). The other major petroleum exporting countries are Russia, Nigeria, Indonesia and Venezuela. These countries have been politically unstable in the recent past and this has also led to the oil traders demanding a premium.

Global demand led to oil shock

The main reason, however, for the oil price hike is surge in global oil consumption...


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The global consumption of oil went up by 3.4% last year. Most of this increase has come from China. China's oil demand grew by almost 16% last year. Although demand has not grown at the same rate this year, as China progresses and more and more people buy cars, China's demand for oil will go up.

And the fact that China is a net oil importing country, its demand for oil will add to the world demand for oil...


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General points of the essay

Corporate Governance in East Asia East Asia economic crisis ECOMOG AND NIGERIA IN WEST AFRICA The Effects of the Unstable Relations between the Organization of Arab Petroleum Exporting Countries and the United States of America after the 1973 Oil Crisis The Middle East The modern international law history in the East Asia East Goes West Japanese Nationalism and its Impacts in East Asia Middle East/Southeat Asia -WWI Major Issues in Indonesia Malaysia’S Tourism Ministry Wooing Expatriates In West Asia Middle East South East Asia THE FINANCIAL CRISES IN RUSSIA AND EAST ASIA west vs. east

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