Oil and Candy

hello,

here are 2 article reviews plus some articles that might interest you. Enjoy!

Article 1

The article talks about the rising oil prices, zooming in on Russia as a major oil producer. Through demand and supply analyses, the writer identifies a decreasing supply of oil from Russia as a major factor for the increase in prices (As when SS decreases, P increases.) From the third paragraph, “The.. fall in Russian oil output… is adding impetus to the surge in the price of oil”.

The article goes on to explain that Russia is a key oil producer in the world, producing “almost 25 per cent of this amount[non-Opec countries’ oil production of oil]”, and thus a decrease in its supply of oil will have a significant impact on world oil prices. Also, besides Russia, other non-Opec countries are also supplying less oil.

Meanwhile, demand for oil continues to rise, and the increase in demand coupled with the decrease in supply raises oil prices tremendously. Many countries, including China and Japan, are worried that the existing supply is not enough to meet their demand for oil.

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regards,
hui min