Vol. 2, Issue 6, Part F (2016)

Abstract
On a day to day basis, millions of tons of oil is being moved around the world and it then refined to make diesel, gasoline, lubricants and other petroleum products. Though petrol and diesel are used to run engines, other fuels are used in numerous industries to produce commodities like metal, plastic and furniture. The key businesses of any country are dependent on oil prices e.g. power sector, mining sector, auto-mobile industry, airline industry, consumer goods industry, transport industry, chemical and pharmaceutical industry, food industry, textile industry and aerospace industry.