Discuss critical features of the supply side of this market and explain two factors that can lead to a shift in the world supply of oil, clarifying the direction of the shift caused by the specific examples mentioned.

The total length of the assignment should be around 2,000 words (approximately 1,000 words per question).
Do not write the question in the submitted text. Only write the question number. The bibliography does not form part of the word count.
Marks will be awarded for content, presentation and quality of the analysis. Include references as appropriate.
1. You are requested to analyse the international oil market.
1.a Discuss critical features of the supply side of this market and explain two factors that can lead to a shift in the world supply of oil, clarifying the direction of the shift caused by the specific examples mentioned.
[10 marks]

1.b Discuss key features of the demand side of this market and explain two factors which can lead to a shift in the world demand for oil, clarifying the direction of the shift caused by the specific examples mentioned.
Who are ? the most relevant
factors one curve of the demand to the left and one to the right
example that really happened financial time /economist

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