Oil

Oil is a strategic and special commodity because the variations in prices have had a significant impact on the global economy. As a scarce natural resource, reserves are not distributed according to the needs of consumption, making industry and oil market activity global reach, with a major, volatile and intense international trade. Private and state companies engaged in the exploration, mining and export of crude oil and those who buy it to turn it into products (gasoline, naphtha and diesel) are the foundation of the world oil market.