This post basically gives you a brief idea about Current decrease on OIL price. I think everyone should know about it.
I have publish this article in two languages, ie(click) HINDI & ENGLISH.
We hear very frequenty that OIl price has decreased by Rs 2, increased byRs 2.16. But kahi par mentioned nahi hain ki kaise kam hua, aur mention hai bhi toh hum logo ko samej main hi nahi aata, ki kya waja hai is Upward and Downfall ka!!!!!! Kabhi kisi tara Mr. Google se ask karte hain ki kya hain fact, woh toh paper se bhi jada khatarnak lagta hain.
I am trying to make it simple and understandable to you. Ish article ko parte waqt kuch word ho sakta hain aap k familiar na ho, So you may ask the question below, otherwise u can search on google, jaise words like- OPEC countries, Shale Oil, CARTEL.
1st(Intro): 1st clear one thing, abhi jo price fall ho raha hain isme humare govt ka kuch hat nahi hain. Toh ab question hain kaise itna kam ho gya petrol & diesel price?
Ans: Very simple,Ye completely Demand and Supply ka khel hain, Economics ka 1st chapter says, "agar koi bhi chees ka demand jada hain aur supply kam hain toh us chees ka value bar jata hain," like normal aap ka agar demand bar gaya toh apka value bhi bar jayega, (Jst kidding :) ). And uska hi Ulta "agar supply jada hain aur demand kam hain toh value toh ghatana hi hoga," other wise that product will be wasted automatically.
2nd(Fact): Same thing did happen with International market also, due to over production the supply of the same has increased. As a result, Demand for OIL has gone down.
From this chart you can understand kaise demad, supply and stock of oil fluctuate ho raha hain.
3rd(Qus and Reason):
1st qus: Supply jada kyu hain?
2nd qus: Demand kam kyu hain?
3rd qus: "we can reserve oil, and when demand will grow up, than we sale it, now we can stop producing" toh OIL producing company aasise kyu nahi karta hain?
4th qus: Ye downfall k waje kyu hain?
5th qus: India ka kya role hain is Downfall main?
6th qus: Kitna price kam ho sakta hain future main?
2nd ans: (Demand kam kyu hain?) Actually,jo sab countries maximum petrol consumption karte the, like USA, CHINA, INDIA, JAPAN etc. which is very less as compared to previous years, Because we are using 5 star rated electronics, Battery operated motors, LPG gas for motors cars, Solar power etc. for this reason Demand gets affected, aur USA jo sabse jada OIL consume karta tha, us ka SHALE Oil ka invention is one of the cause.
1st ans: (Supply jada kyu hain?) very important, we just read above, that demand bahot kam hain oil ka, fir bhi OIL production bhi kam karna nahi chata hain, Qu? reason hain COLD war with America.
America has invented a type of OIL which is known as SHALE OIL. It's found in underground (more than 1 mile) within a soil layer, which is a substitute for Crude OIL. It is too expensive to extract.
Ab is waqt OPEC countries apna price gira k, They are trying to maintain its demand in OIL market. And thus other countries will use this crude OIL as before, and countries will not invest money for SHALE OIL extraction. For this reason value is reduced instead of production.
3rd ans: ( aasise kyu nahi kiye?) Because OPEC (in short, oil producing countries) like Quater, Saudi Arbia, Iraq, The United Arab Emirates,Libya etc. decide kiya ki hum log production kam nahi karenge, iske liye price ghatana pare tab bhi chalega for balancing the market price.
4th ans: Previously the price of OIL was $100 to $115 per barrel, and at present it is $50 to $60 per barrel, because CARTEL (OIL price fixer) has decided to maintain it.
5th ans: Isme India ka koi role nahi hain. India sirif benefited hain.
6th ans: It is not predictable, But in future it may be possible to decrease the price by Rs 10 in an Indian Currency.
I have tried my level best to explain in simple language, if you any doubt regarding my article then feel free to comment below.
Thanking you..
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We hear very frequenty that OIl price has decreased by Rs 2, increased byRs 2.16. But kahi par mentioned nahi hain ki kaise kam hua, aur mention hai bhi toh hum logo ko samej main hi nahi aata, ki kya waja hai is Upward and Downfall ka!!!!!! Kabhi kisi tara Mr. Google se ask karte hain ki kya hain fact, woh toh paper se bhi jada khatarnak lagta hain.
I am trying to make it simple and understandable to you. Ish article ko parte waqt kuch word ho sakta hain aap k familiar na ho, So you may ask the question below, otherwise u can search on google, jaise words like- OPEC countries, Shale Oil, CARTEL.
1st(Intro): 1st clear one thing, abhi jo price fall ho raha hain isme humare govt ka kuch hat nahi hain. Toh ab question hain kaise itna kam ho gya petrol & diesel price?
Ans: Very simple,Ye completely Demand and Supply ka khel hain, Economics ka 1st chapter says, "agar koi bhi chees ka demand jada hain aur supply kam hain toh us chees ka value bar jata hain," like normal aap ka agar demand bar gaya toh apka value bhi bar jayega, (Jst kidding :) ). And uska hi Ulta "agar supply jada hain aur demand kam hain toh value toh ghatana hi hoga," other wise that product will be wasted automatically.
2nd(Fact): Same thing did happen with International market also, due to over production the supply of the same has increased. As a result, Demand for OIL has gone down.
From this chart you can understand kaise demad, supply and stock of oil fluctuate ho raha hain.
3rd(Qus and Reason):
1st qus: Supply jada kyu hain?
2nd qus: Demand kam kyu hain?
3rd qus: "we can reserve oil, and when demand will grow up, than we sale it, now we can stop producing" toh OIL producing company aasise kyu nahi karta hain?
4th qus: Ye downfall k waje kyu hain?
5th qus: India ka kya role hain is Downfall main?
6th qus: Kitna price kam ho sakta hain future main?
2nd ans: (Demand kam kyu hain?) Actually,jo sab countries maximum petrol consumption karte the, like USA, CHINA, INDIA, JAPAN etc. which is very less as compared to previous years, Because we are using 5 star rated electronics, Battery operated motors, LPG gas for motors cars, Solar power etc. for this reason Demand gets affected, aur USA jo sabse jada OIL consume karta tha, us ka SHALE Oil ka invention is one of the cause.
1st ans: (Supply jada kyu hain?) very important, we just read above, that demand bahot kam hain oil ka, fir bhi OIL production bhi kam karna nahi chata hain, Qu? reason hain COLD war with America.
America has invented a type of OIL which is known as SHALE OIL. It's found in underground (more than 1 mile) within a soil layer, which is a substitute for Crude OIL. It is too expensive to extract.
Ab is waqt OPEC countries apna price gira k, They are trying to maintain its demand in OIL market. And thus other countries will use this crude OIL as before, and countries will not invest money for SHALE OIL extraction. For this reason value is reduced instead of production.
3rd ans: ( aasise kyu nahi kiye?) Because OPEC (in short, oil producing countries) like Quater, Saudi Arbia, Iraq, The United Arab Emirates,Libya etc. decide kiya ki hum log production kam nahi karenge, iske liye price ghatana pare tab bhi chalega for balancing the market price.
4th ans: Previously the price of OIL was $100 to $115 per barrel, and at present it is $50 to $60 per barrel, because CARTEL (OIL price fixer) has decided to maintain it.
5th ans: Isme India ka koi role nahi hain. India sirif benefited hain.
6th ans: It is not predictable, But in future it may be possible to decrease the price by Rs 10 in an Indian Currency.
I have tried my level best to explain in simple language, if you any doubt regarding my article then feel free to comment below.
Thanking you..
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