The global oil and gas industry is a massive and complex one, worth an estimated $10 trillion. It's a key driver of the global economy, and it has a significant impact on the stock market.
The oil market is a global one, and it's constantly fluctuating. The price of oil is determined by a number of factors, including supply and demand, economic growth, and political events.
In recent years, the oil market has been volatile. The price of oil has swung from a high of over $100 per barrel in 2014 to a low of below $30 per barrel in 2016. The volatility has been caused by a number of factors, including the rise of shale oil production in the United States, the slowing of economic growth in China, and the conflict in the Middle East.
The stock market is a collection of marketplaces where stocks are bought and sold. Stocks are shares of ownership in a company, and they can be bought and sold by anyone.
The stock market is a reflection of the overall economy. When the economy is doing well, the stock market tends to rise. When the economy is doing poorly, the stock market tends to fall.
The oil and stock markets are closely linked. The price of oil can have a significant impact on the stock market, and vice versa.
For example, when the price of oil rises, the stocks of oil companies tend to rise as well. This is because oil companies benefit from higher oil prices. Conversely, when the price of oil falls, the stocks of oil companies tend to fall as well.
There are a number of ways to invest in oil and stocks. You can buy stocks of oil companies, you can buy oil futures contracts, or you can buy oil ETFs.
Each of these investment options has its own risks and rewards. It's important to do your research before you invest in any oil or stock market investment.
Here are a few tips for investing in oil and stocks:
The oil and stock markets are complex and volatile, but they can also be very rewarding. By following these tips, you can increase your chances of success when investing in oil and stocks.
Oil Production by Country | 2018 | 2019 | 2020 |
---|---|---|---|
United States | 11.5 million barrels per day | 12.3 million barrels per day | 11.3 million barrels per day |
Russia | 11.4 million barrels per day | 11.7 million barrels per day | 10.5 million barrels per day |
Saudi Arabia | 10.6 million barrels per day | 10.8 million barrels per day | 9.9 million barrels per day |
Iran | 4.7 million barrels per day | 4.5 million barrels per day | 3.8 million barrels per day |
Iraq | 4.5 million barrels per day | 4.7 million barrels per day | 4.1 million barrels per day |
Oil Consumption by Country | 2018 | 2019 | 2020 |
---|---|---|---|
United States | 20.5 million barrels per day | 20.8 million barrels per day | 18.9 million barrels per day |
China | 14.0 million barrels per day | 14.8 million barrels per day | 13.4 million barrels per day |
India | 5.1 million barrels per day | 5.3 million barrels per day | 4.9 million barrels per day |
Japan | 4.5 million barrels per day | 4.6 million barrels per day | 4.2 million barrels per day |
Germany | 2.6 million barrels per day | 2.7 million barrels per day | 2.5 million barrels per day |
Oil Prices | 2018 | 2019 | 2020 |
---|---|---|---|
Brent Crude | $71.34 per barrel | $64.63 per barrel | $41.80 per barrel |
WTI Crude | $65.46 per barrel | $57.02 per barrel | $34.63 per barrel |
Oil Company Stocks | 2018 | 2019 | 2020 |
---|---|---|---|
ExxonMobil | $82.26 per share | $73.19 per share | $43.97 per share |
Chevron | $115.94 per share | $106.30 per share | $70.03 per share |
BP | $45.67 per share | $40.91 per share | $26.47 per share |
Royal Dutch Shell | $31.02 per share | $27.98 per share | $18.36 per share |
Total | $48.93 per share | $44.27 per share | $29.51 per share |
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