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Emergence of the new geopolitical risk oil price paradigm


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The increasing oil battles in the Middle East and North African (MENA) region demonstrate that oil price and ownership has posed great threats to and become one of the key issues to global political and economic stability.

This article, composed by Adi Karev, Deloitte Global O&G Leader, aims at providing a unique perspective and understanding to readers by analyzing the five main drivers impacting the price of oil, namely Global demand led by population growth, gross domestic product (GDP), industrialization and lifestyle, Supply of Organization for Economic Cooperation and Development (OECD) stocks, spare production capacity, Global refining capacity, intangibles such as geopolitical risk and economic uncertainty.

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