Oil and gas are economically important finite natural resources that require strong collaborative efforts between the rights owners and developers for their efficient exploration, extraction, […]
Category Archives: Markets
Types of Oil and Gas Exploration Methods
Exploration is a critical upstream activity in the oil and gas industry. Exploring deposits of oil and gas or resources and reserves remains an important […]
Oil and Gas: Difference Between Resources and Reserves
The words “resources” and “reserves” are thrown out a lot whenever there are discussions about economic activities or other pertinent information involving the oil and […]
Examples of Supply Shifters
A supply curve is a graphical representation of the relationship between the price of a product and the quantity of such product that a producer […]
Threat of Substitutes: Impact of Substitute Products
The threat of substitutes is one of the five forces identified by Michael E. Porter and used to evaluate the competitive environment of a particular […]
Factors Affecting Demand
Demand is a central concept in economics and the more specific subfield of macroeconomics. It signifies the desire and willingness of the consumer to own […]
Examples of Demand Shifters and their Effects
A demand curve is a graphical representation of the inverse relationship between the demand for a particular product and the movement or change in its […]
Explained: India-Middle East-Europe Economic Corridor
Leaders from France, Germany, India, Italy, Saudi Arabia, the United Arab Emirates, the United States, and the European Union introduced the India-Middle East-Europe Economic Corridor […]
China-Pakistan Economic Corridor: Purpose, Challenges, and Criticisms
China and Pakistan first signed the China-Pakistan Economic Corridor or CPEC agreement in 2015 and began formalizing its operation in 2016. The CPEC is an […]
Economic Corridor: Advantages and Disadvantages
The Asian Development Bank coined the term “economic corridor” in 1998 to describe critical networks or connections between economic agents placed along a defined geographic […]