Different type of market in oil & gas industry Essay

Different type of market in oil & liquid industry - attempt ExampleThe oil price dynamics in the global market are more in all probability to influence by a number of backbone factors ranging from balance amongst supply and affect geopolitical and macroeconomic conditions to the transitions in exchange rates of the dominant economies across the world. In this regard, changing conditions of the global financial markets has in like manner been witnessed to have major influence on the oil and gas industry (Levy & Kolk, 2002). Although the continuous technological find has made the international producers and suppliers to effectively deal with the issues, but the oil and gas industry underpins major concerns for the nations in order to eliminate the prevailing challenges. This is owing to the fact that the industry is centrally driven by the agitate of changing supply and demand along with the unabated financial challenges of the global nations (Sadorsky, 2001).The study emphasise s on the key challenges and increasing numbers of threats from the different market challenges. In this context, the study aims to conduct a critical military rank of the watercourse oil and gas industry of China to determine whether the industry is monopolised by China subject field Petroleum Corporation (CNPC), which is one of the leading and dominant oil and gas corporations in the nation. In this essay, the treatment mainly focuses on developing relevant arguments or positions in relation to the literatures used in the antecedently developed articles. In order to claim appropriateness as well as validity of the look works, this essay tends to include a real example by elucidating the dominant performance of CNPC in the current oil and gas industry of China.In order to explore the market trends of the current oil and gas industry in China, the discussion critically addresses the present trend in microeconomic factors including the fashion of demand and supply in China. In ad dition to determine the current performance of CNPC, the discussion also incorporates a clear