The oil industry is divided into three main sectors. This "Upstream-Midstream-Downstream" classification is the standard framework for understanding the flow of oil.
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Oil Markets (Seasonality, forward markets, and managing price risk). :
Before clicking a download link, it is important to understand what constitutes a true "Oil 101" education. A complete introductory curriculum typically covers:
The price of oil is determined by supply and demand. However, supply is heavily influenced by geopolitical events and the production quotas set by OPEC (Organization of the Petroleum Exporting Countries).
