Analysis of Crude Oil and Petroleum Products Production and Consumption in India
Author(s):
Sisili T
Keywords:
Crude oil, Petroleum products, Import and export.
Abstract
Crude oil is essential for our day to day life. The demand for crude oil is increasing continuously throughout the world. But all the countries cannot able to produce crude oil for fulfilling their need. Today most of the country’s economy is depends on the basis of crude oil production. India is one of the largest consumers of crude oil, it occupies third place in oil consumption. India is occupying third place at world level. India is producing crude oil and petroleum products but it could not fulfill its demand. The study is analyzed that the production and consumption of crude oil in India and how India does is adjusting the demand for crude oil through import from other countries and also used time serious modeler and ARIMA model for analyzed import, export and consumption and production of petroleum products in India from 2002-03 to 2015-16
Article Details
Unique Paper ID: 147367

Publication Volume & Issue: Volume 5, Issue 7

Page(s): 321 - 327
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Last Date 25 September 2019


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