scholarly journals THE HISTORY OF THE COVID 19, AND ITS IMPACT ON THE CRUDE OIL PRICE CHANGES (IN CONTEXT OF INDIA`S COVID 19 CONTEXT)

Author(s):  
Dr. Mohan Kumar K

Oil is the most essential fuel for the world presently and the world, India is the third largest oil importer in the world, with 9.7 percent of the world oil imports, after China and USA, India imports around 80 percent of its oil needs and aims to bring down to 67 percent by 2022, by replacing it by local exploration, renewable energy and indigenous ethanol fuel, but in India there is lack of demand for crude oil and oil products due to Covid-19 epidemic, which made Indian government to imply restrictions, to lockdown of various firms, industries, public and private sector institutions, as health emergency, according to the report of IEA ( International Energy Agency) India’s 40 days lockdown has led to decrease in 30 percent fall in countries demand for energy. Price inflexibility is concern for Indian oil producers, as it is the biggest shock since the Second World War, The global economy is expected to enter recessionary zone in 2020, as countries have shut down there normal business activities, to fight the pandemic led to imbalances in demand and supply of oil prices in the Indian market, Indian oil companies are waiting for the tax reductions and packages by the government, in the short term imbalance in oil demand and supply situation. The purpose of the research paper is that, Indian government has a great task to fight against pandemic as a health emergency and oil prices fluctuations in the year 2020. KEY WORDS: History of the pandemic covid social growth and crude oil prices (PETROLEUM),

Author(s):  
Vadim Ponkratov ◽  
Nikolay Kuznetsov ◽  
Nadezhda Bashkirova ◽  
Maria Volkova ◽  
Maria Alimova ◽  
...  

The decrease in the economic activity level around the world due to the COVID-19 pandemic spread has led to a sharp decrease in the crude oil price and provoked an oil war outbreak in the global energy market. The current situation has provoked the need for a total decrease in the crude oil production in the world. Considering that Russia is one of the main oil exporters on the world market, the need to determine the supply and demand levels for Russian oil is becoming relevant. The aim of the paper is to model predictive scenarios of Russian oil industry development, considering the specifics of the current economic environment given the COVID-19 pandemic. The multifactor correlation modeling method was used to form the system of indicators determining the level of demand and supply for Russian oil used and the total level of their influence. The functions determine the probability of implementing various scenarios of oil industry development depending on the predicted values of demand and supply. The three-sigma rule and the fuzzy sets method were used to estimate three scenarios of oil industry development for 2020–2021. Changes in revenues of the industry under the influence of forecast indicators of supply and demand for oil have been assessed and the probability of implementation of each of the scenarios has been reasoned. The results obtained are of a practical nature and can be used by government agencies, financial intermediaries, and scientists to diagnose Russian oil industry development. The results will be useful for oil companies to develop a strategy of open innovations for further design of the scientific information field for the effective functioning of the industry in complete uncertainty conditions.


2020 ◽  
Vol 2 (11) ◽  
pp. 140-152
Author(s):  
O. V. EVSEEVA ◽  

The article analyzes the forecasts of the world oil market development for 2035 and 2040, made in 2019 by the oil companies LUKOIL and British Petroleum, as well as Energy Research Institute RAS/Skolkovo and the International Energy Agency, their main conclusions and scenario solutions obtained in the forecasts.


2020 ◽  
Vol 22 (4) ◽  
pp. 528-540
Author(s):  
Euclides Nenga Manuel Sacomboio

The global community is racing to slow down and eventually stop the spread of COVID-19, which is a pandemic that has killed thousands of lives and made tens of thousands sick. The new coronavirus has already reached Angola, with 25 confirmed cases, among them 2 died and 6 were cured. The government has decreed a state of emergency on 24 March 2020 for 15 days, which was extended twice for the same number of days that will make it possible to reduce clusters of people and keep them at home. This study reflected on the diverse ways of leadership. It is an article of theoretical, technical and scientific reflection, based on the experience of a new epidemiological situation, with a critical analysis based on technical, scientific and professional experience, with bibliographic input of data obtained from information published in scientific articles, newspapers, magazines and other official documents published in Angola and worldwide related to COVID-19. This article emerged from critical thinking based on the current situation of COVID-19 in Angola in the world and is reflected in this article, what Angola should learn and learned from the experience of other countries that also imported the disease, their history of investment in health, characteristics of their populations, their economies and other aspects.


2017 ◽  
Vol 2 (2) ◽  
pp. 111-127
Author(s):  
Fasiha Fasiha

The development of Islamic economics can not be separated from the historical development of Islamic civilization. The study of the history of economic thought by analyzing the description of economic thinking Ibn Taymiyyah and the history of life that affect the economic thinking of Ibn Taymiyyah. According to Ibn Taymiyyah pricing by the government is good, but not absolute, because the actual prices are set by the forces of demand and supply. Another case, if the price increases caused by injustice market mechanism, the government may intervene in pricing. To achieve this purpose, it is necessary formation hisbah institutions with the aim of protecting the interests of buyers and sellers


2020 ◽  
pp. 13-42
Author(s):  
Radhika Singha

This chapter assesses the key role of the non-combatant or follower ranks in the history of sub-imperial drives exerted across the land and sea frontiers of India. The reliance of the War Office upon combatant and non-combatant detachments from the Indian Army, used in combination with units of the British Army, left an imprint upon the first consolidated Indian Army Act of 1911. From 1914 the inter-regional contests of the Government of India for territory and influence, such as those running along the Arabian frontiers of the Ottoman empire, folded into global war. Nevertheless the despatch of an Indian Expeditionary Force to Europe in August 1914 disrupted raced imaginaries of the world order. The second less publicized exercise was the sending of Indian Labor Corps and of humble horse and mule drivers to France in 1917-18. The colour bar imposed by the Dominions on Indian settlers had begun to complicate the utilisation of Indian labor and Indian troops on behalf of empire. Over 1919-21, as global conflict segued back into imperial militarism, a strong critique emerged in India against the unilateral deployment of Indian troops and military labor, on fiscal grounds, in protest against their use to suppress political life in India and to condemn the international order which their use sustained.


2020 ◽  
pp. 313-340
Author(s):  
Srikanth Kondapalli

While it is notable that China has become a member of almost all international organizations (excepting the OECD, International Energy Agency, and Missile Technology Control Regime), much less noticeable has been China’s steadily increasing involvement in regional multilateral organizations and groups of nations. As China has expanded its global footprint into literally every continent and part of the planet, Beijing has sought to join existing institutions in those regions—but what is particularly noteworthy is that China has stimulated and created a wide range of new organizations and regional groupings all around the world. That is what this chapter is about—China’s regional multilateralism. Such Chinese initiatives most notably include: the Asian Infrastructure Investment Bank (AIIB), Shanghai Cooperation Organization (SCO), Association of Southeast Asian Nations Plus China (ASEAN + 10), Brazil-Russia-India-China-South Africa (BRICS), Forum for China-Africa Cooperation (FOCAC), China–Arab States Cooperation Forum (CACF), China–Central and Eastern Europe Countries (CEEC), and a series of groupings in Latin America (China–Latin America Forum, China-Caribbean Economic and Trade Cooperation Forum, China–Latin America Common Market Dialogue, and China–Latin America Business Summit). China has been either the initiator of, or actively engaged in, the creation of all these groupings.


1978 ◽  
Vol 17 (1) ◽  
pp. 1-37 ◽  

The following arbitral award was rendered by a sole arbitrator in connection with disputes reen the Libyan Arab Republic ("Libya") and two international oil companies arising out of rees of nationalization promulgated by Libya. This award is being reproduced herewith in entirety . The award not only considers many fundamental principles and doctrines of international law but is also unique in two major respects . For the first time in the history of international arbitration relating to economic development contracts , an arbitral tribunal held ; the injured parties were entitled to restitutio in integrum and that the sovereign s t a te obliged to perform specifically its contractual obligations with private foreign investors, iddition, the arbitral tribunal , after reviewing the legal effect in international law of the :ed Nations General Assembly resolutions concerning permanent sovereignty over natural wealth resources, concluded that such resolutions could not be used by the state to violate its :ractual obligations in commercial transactions . The remaining portion of this Introductory : will briefly describe the steps leading to arbitration , the arbitral proceedings and the ilution of the disputes.


2019 ◽  
Vol 59 (1) ◽  
pp. 134
Author(s):  
Joshua Stabler

In June 2011, the International Energy Agency released the 2011 World Energy Outlook (WEO) series that posed the thought-provoking question: ‘Are we entering a golden age of gas?’ In response to this bold question, this paper first investigates the world’s electricity supply by each fuel type and how the WEO expectations have changed over time. This helps define the progress of the world targets for the ‘Golden Age of Gas’. To provide context to Australian gas conditions, this paper delves deeply into two of the most important international markets in the world: USA and China. Each of these countries are placed in the five fastest growing gas production countries in the world but have had substantially different engagements with gas and their domestic electricity profiles. Each country’s response to the electricity generation-source dilemma has resulted in diametrically opposed carbon emission outcomes. Finally, this paper turns to the Australian experience with gas. As the fifth fastest growing gas producing nation, and now the largest liquefied natural gas exporter in the world, Australia has rapidly shifted from energy price isolation to having strong links to international energy prices. These international price linkages have been applied across both gas and coal markets and have occurred simultaneously with the combination of a wave of renewable energy construction, traditional energy generation exit and paralysed government policy. This leaves a revised question: has the Golden Age of Gas passed Australia?


1875 ◽  
Vol 12 ◽  
pp. v-xcvii

IT is a mere truism in the history of revolutions to assert that they are seldom brought to a close by the persons or political parties with whom they originate. Men whose existence was perhaps scarcely known to the world at large when the onward movement took its origin rise in succession to the surface, acquire the government, and carry forward the work to lengths and heights which their predecessors never contemplated. It is in tracing this sequence of political parties, the gradual growth of what was looked upon in the first instance as a contemptible and almost senseless faction, its struggles for the mastery, the arts (too often unworthy) by which it acquired the ascendancy, its acts whilst in a condition of dominancy, and finally the errors by which it forfeited power and made way for the next in turn, that much of the interest of historical narrative is found.


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