CLASSIFICATION OF EXPORTERS AND IMPORTERS OF CRUDE OIL-PRODUCING COUNTRIES USING BUSINESS INTELLIGENCE SOLUTION

Executive Summary

It is a well-known fact that hydrocarbon demand increases by the day Ahmed, T (2010). Now, to meet this ever-increasing demand, it is necessary for us to produce at the essential rate over a specified period Ahmed, T (2010). Crude oil exists in various varieties and blends Ahmed, T (2010). They are graded based on their density and sulfur content, and these factors determine how easily the crude could be sold and processed for different purposes Amyx, J. W (1960). This project report focuses on building a business analytic tool that will focus on the following.

Oil Prices from 1932 – 2014

  • Max Oil Price $111.669
  • Average oil Price $21.31
  • Minimum oil Price $1.71
  • Target Price $65

Oil Exporting Countries

  • Nigeria
  • Russia
  • Saudi Arabia

Importing Countries

  • Australia
  • USA

Self sufficient

  • United Kingdom

Countries with most Exports

  • Nigeria with 74.12%
  • Saudi Arabia 60.29%

Countries with most imports

  • USA 109%
  • 74%

Key Influencers

  • Population
  • Oil Production
  • Import or Export Rates

Location of the oil wells in the UK

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