Question
Is there any certain relationship between financial market and real market?
Variables
Real Market
GoldGold PriceMonthly yield rate
CrudeOilMonthly yield rate
Financial Market
S&P 500
Monthly close price
Monthly yield rate
T-billMonthly yield rate
Deposits denominated in U.S.
dollars at Europe banks outside
the United States
Financial asset and even debt
denominated in U.S. dollars
outside the United States
No obligation for the reserve fund
The interest equalization tax
Regulation Q
Glass-Steagal Act
Oil Shock
A spread trade involving the simultaneous purchase of
Futures
Options
expiring on
1. Development of petroleum
Demand is increasing.
Reduce risk of dependence on Middle East.
Development of petroleum
Up stream
Development
Drilling
Production
Down stream
Transportation
Oil refining
Sale/Market
I. Introduction about Kazakhstan
Primary Resources
- Crudeoil (the world's No. 9, proved reserves: 400 billion barrels,
estimated reserves: 1243 million barrels)
- Tungsten (the world's No. 1 reserve)
- Chrome (world No. 2)
- Manganese (world No. 3)
- Zinc, uranium, copper, silver, lead and many other mineral reserves
crudeoil)는 유전에서 자연적으로 산출되는 액체상태의 탄화수소를 말하며, NGL(Natural Gas Liquid) 또는 컨덴세이트(condensate)가 원유에 포함됨
– 석유를 정제공정을 거쳐 각각 이용목적에 따라 만들어진 여러 가지 제품을 석유 제품이라 함
원유 가격 형성 배경
황함량이 낮고 비중이 낮을수록 원유 가