Estimate demand through regression analysis using the GDP growth rates of reference case and GDP growth rates for lower growth case and the average prices for the period up to 2010 and forecast demand in Asian and non- Asian markets. Analyze market structures and explain business strategies of pricing used in the oil industry. Explain how the prices influence the demand and supply in various sectors of the markets. Evaluate the risk and uncertainty in the business decision of the oil producing firms in case of alternative fuels are used in the industry.
Estimate demand through regression analysis using the GDP growth rates of reference case and GDP growth rates for lower growth case and the average prices for the period up to 2010 and forecast demand in Asian and non- Asian markets.
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