How covid19 affect the oil price?The text part should be 2-3 pages (double-spaced) long, including...

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How covid19 affect the oil price?The text part should be 2-3 pages (double-spaced) long, including the introduction of the problem, methodology, analysis, and conclusion.

Jose · Accepted Answer

The University of Queensland
1
Management  
Management   
Economics
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1.0 Introduction
Business organizations and industries are facing different challenges. They are two factors that influence the operations of every industry, internal and external factors. It is easy to control the influence of internal factors, but external factors also called as uncontrollable factors that create different problems to the business organization. Most of the industries are affected due to new pandemic COVID -19, the global spread of the virus directly affected the performance of different sectors. In this research paper, we are analysing the impact of COVID 19 on the oil industry. 
2.0 Methodology
       For collecting the data, we used secondary source and we also collected the information from the business experts and managers. The data provided by the International Energy Agency was also helpful for collecting the valuable information about the topic. We also used social forums for understanding the public opinion about the impact of COVID 19 on the oil industry. 
3.0 Analysis 
As we all know the main income of the country by imposing excise duties for the import and export of oil. When we analysing the demand and supply of oil, due to this pandemic situation the demand for oil has drastically come down and had a diminishing trend in the market.

How covid19 affect the oil price? The text part should be 2-3 pages (double-spaced) long, including the introduction of the problem, methodology, analysis, and conclusion.

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