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Mba Project on Opec

Mba Project on Opec

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Published by akchourasia709

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Published by: akchourasia709 on Dec 23, 2009
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03/12/2013

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INTERNATIONAL BUSINESS :: MID TERM PROJECT
1
INDIANSTRATEGYTODEALWITHOPEC
 
INTERNATIONAL BUSINESS :: MID TERM PROJECT
Contents
EXECUTIVE SUMMARYOPEC – The OrganizationOPEC – HistoryTHE WORLD CRUDE SCENARIOAVAILABILITY AND CONSUMPTION PATTERNTHE OPEC FACTORWHY ARE PRICES RISINGTHE INDIAN SCENARIO & ITS STRATEGYFUTURE ROAD MAPREFERENCE
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INTERNATIONAL BUSINESS :: MID TERM PROJECT
Executive Summary
 The history of OPEC and formative years are described. OPEC has evolved as a cartel with immense influence onWorld economy and this has happened over a period of time mainly through the moves and countermoves betweenOPEC and rest of the world led by the US. Some of the main reasons behind the success of OPEC are that theeconomies of its member countries are largely dependent on oil and high prices mean prosperity, also religion playsa major role many of these countries are Islamic as well as Geo-Political factors such as regional protectionism andfear of supremacy of the US if they fail to stay united keeps OPEC remain strong. The reasons behind the immense clout of OPEC are explored by taking a holistic view of world supply and demand of oil, the geo-political factors, roles of speculators and the US as the largest consumer of oil. It is interesting to notethat most of the oil refining capacity is in the Non-OPEC countries of the world while OPEC countries have majority of oil reserves. The recent third oil shock situation is analyzed from the perspective of the accuser and the accused i.e. rest of theworld vs. OPEC. While OPEC has maintained that main culprits for
 
soaring oil prices are a weakening in dollar pricesand excessive buying by speculators, rest of the world led by the US has put pressure on the cartel to increaseproduction of oil to curb the rising prices. More recently price of oil has started coming down due to adoption of amulti pronged strategy by the US and other Non-OPEC countries. Diplomatic pressures forced Saudi Arabia, thelargest producer of oil among the OPEC countries to increase oil production and a conscious move by the American
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