英语财经报刊阅读课件吴立高 ISBN9787811348644 PPT财经报刊选读 U8.pptVIP

Unit 6 英语财经报刊选读 Unit 8  Oil Price Overview Comprehension questions for Text A What’s new in Text A Looking from China’s perspective Unit 8  Oil Price Comprehension Questions 1. What is the greatest single factor that influences petroleum prices? 2. What factors drive the crude oil prices? 3. What’s the use of crude oil? 4. What other factors influence the oil prices? The greatest single factor In the long run, the greatest single factor influencing petroleum prices is the cost of crude oil. Factors that drive the crude oil prices Strong global demand Limited spare oil production capacity Continuing political instability in certain oil production regions Use of crude oil Crude oil is refined to produce petrol and diesel. Other factors that influence petroleum prices Cost of crude oil Local market conditions Local market conditions Supply Demand Competition Government regulations Foreign exchange Geographic location Price adjustments What’s new in Text A This article is about fuel prices. It first talks about the factors that influence the crude oil prices, since crude oil is the single greatest factor affecting petroleum prices. The article then goes to discuss other factors that have impact on the petroleum prices. Since this article is about oil prices, it gives very detailed explanation of the different factors affecting the oil prices. Looking from China’s perspective Petroleum played a very important role in Chinese economy. Many fields of industry need petroleum. The fluctuation of the prices has great significance to China. As to individuals, many people own cars, so the oil prices is intertwined with our life. * * Unit 8 Oil Price * *