Development in Oil and Gas Retail Industries

Use P.E.S.T.E.L. as the framework for analysis. Critically examine the different risk factors associated with the supply side of crude oil derivatives (e.g. petrol and diesel) to a forecourt you have recently been employed to manage. In your conclusion suggest risk mitigation strategies you intend to use to solve the above analysed risks.

1. Students should be able to demonstrate a clear understanding of the impact oil and gas supply and demand, relevant legislation/regulations, environmental sustainability and management strategy, and socio political indicators and policy making have on the oil and gas retail industry in the UK or a specific local area in the UK.
2. Determine the ability to analytically present the different factors that affects demand and supply in oil and gas retail development.
3. Demonstrate the essential awareness needed in oil and gas retail sector and the potential factors that could impact (limitations or enhance) its future development

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