Modelling Crude Oil Demand in Malaysia

Oil has been the cheap energy source that has fired the industrial society for the last century. However, threatening signs of oil depletion has become a horror nightmare for humankind. The implications are catastrophic for industrial societies, and also the yearned for economic development of th...

Full description

Saved in:
Bibliographic Details
Main Author: Abdul Rashid, Mohd lkhsan
Format: Final Year Project
Language:English
Published: Universiti Teknologi PETRONAS 2011
Subjects:
Online Access:http://utpedia.utp.edu.my/10548/1/2011%20-%20Modelling%20crude%20oil%20demand%20in%20Malaysia.pdf
http://utpedia.utp.edu.my/10548/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-utp-utpedia.10548
record_format eprints
spelling my-utp-utpedia.105482017-01-25T09:41:56Z http://utpedia.utp.edu.my/10548/ Modelling Crude Oil Demand in Malaysia Abdul Rashid, Mohd lkhsan T Technology (General) Oil has been the cheap energy source that has fired the industrial society for the last century. However, threatening signs of oil depletion has become a horror nightmare for humankind. The implications are catastrophic for industrial societies, and also the yearned for economic development of the less developed countries. When we are talking about demand, the frrst thing that will come to people mind is the price. In 2008, Malaysia petrol price rose from RM1.92 to RM2. 70 a litre, cutting down the annual subsidy for petrol to only 30 sen per litre. The subsidy For diesel was also cut, raising the diesel price from RM1.58 to RM2.58 per litre. As we can see, once the production does not satisfy the demand, the oil price will jump. This will be followed by the increase of other daily product price. Some people even taking advantages from the increment by increasing their product price without control. This will cause burden the citizen of Malaysia, especially people with low income. Because of that, there is a real need for estimating of future demand of petroleum. This will enable the policy-makers to plan for cost effective investment and operation of existing and new refineries so that the supply of crude oil can be adequate enough to meet the future demand. Universiti Teknologi PETRONAS 2011-08 Final Year Project NonPeerReviewed application/pdf en http://utpedia.utp.edu.my/10548/1/2011%20-%20Modelling%20crude%20oil%20demand%20in%20Malaysia.pdf Abdul Rashid, Mohd lkhsan (2011) Modelling Crude Oil Demand in Malaysia. Universiti Teknologi PETRONAS. (Unpublished)
institution Universiti Teknologi Petronas
building UTP Resource Centre
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Petronas
content_source UTP Electronic and Digitized Intellectual Asset
url_provider http://utpedia.utp.edu.my/
language English
topic T Technology (General)
spellingShingle T Technology (General)
Abdul Rashid, Mohd lkhsan
Modelling Crude Oil Demand in Malaysia
description Oil has been the cheap energy source that has fired the industrial society for the last century. However, threatening signs of oil depletion has become a horror nightmare for humankind. The implications are catastrophic for industrial societies, and also the yearned for economic development of the less developed countries. When we are talking about demand, the frrst thing that will come to people mind is the price. In 2008, Malaysia petrol price rose from RM1.92 to RM2. 70 a litre, cutting down the annual subsidy for petrol to only 30 sen per litre. The subsidy For diesel was also cut, raising the diesel price from RM1.58 to RM2.58 per litre. As we can see, once the production does not satisfy the demand, the oil price will jump. This will be followed by the increase of other daily product price. Some people even taking advantages from the increment by increasing their product price without control. This will cause burden the citizen of Malaysia, especially people with low income. Because of that, there is a real need for estimating of future demand of petroleum. This will enable the policy-makers to plan for cost effective investment and operation of existing and new refineries so that the supply of crude oil can be adequate enough to meet the future demand.
format Final Year Project
author Abdul Rashid, Mohd lkhsan
author_facet Abdul Rashid, Mohd lkhsan
author_sort Abdul Rashid, Mohd lkhsan
title Modelling Crude Oil Demand in Malaysia
title_short Modelling Crude Oil Demand in Malaysia
title_full Modelling Crude Oil Demand in Malaysia
title_fullStr Modelling Crude Oil Demand in Malaysia
title_full_unstemmed Modelling Crude Oil Demand in Malaysia
title_sort modelling crude oil demand in malaysia
publisher Universiti Teknologi PETRONAS
publishDate 2011
url http://utpedia.utp.edu.my/10548/1/2011%20-%20Modelling%20crude%20oil%20demand%20in%20Malaysia.pdf
http://utpedia.utp.edu.my/10548/
_version_ 1739831819481645056
score 13.160551