Hello, could you please assist me with the question attached?

M To complete this project step. address the following: Demand for Crude Oil 1. Based on the information provided in the tables on the left, examine the supply and demand graph in the space below. This information is helpful for the Price per barrel Daily US demand for crude client to know how much oil to produce. The graph shows how prices are set in economic theory. In the "real world," oil and its derivative products are oil (in millions of barrels) priced on commodity exchanges. Prices can change in less than a second. The information provided here is approximately four months old. After you have $40.00 104 examined the graph, identify the price and quantity at which equilibrium exists. This information is important for the client to determine the quantity of oil $50.00 103 to produce for profit maximization. $60.00 102 $70.00 101 2. The global demand for oil changes with the changes in global economies. As economic activity increases, the global demand for oil increases. For the past $80.00 100 several years, the global demand for oil has increased (https://www.iea.org/oilmarketreport/omrpublic/) As the global demand changes, we can observe this change $90.00 99 graphically. Looking at the graph in question 2, what is the new point of equilibrium? $100.00 98 3. What are potential supply and demand risks in the global oil market? Support your statements with research and references. Supply of Crude Oil Daily US supply of crude oil Answer in the space below. Be as descriptive as possible and credit any sources you use. Price per barrel (in millions of barrels) $40.00 98 $50.00 100 $60.00 102 $70.00 104 $80.00 106 $90.00 108 $100.00 110Daily quantity of barrels Daily quantity of $130.0 Price per barrel supplied (in millions) barrels demanded in millions) $100 0 $50.00 $60.00 104 110 $70 00 105 109 106 $80.00 $80.00 108 $90.00 107 107 108 $100.00 106 $40.00 $110.00 109 105 110 104 stion 1: $40.00 $20.00 5000 103 104 105 106 109 110 111 Daily quantity of barrels Daily quantity of Daily quantity of $130 00 Price per barrel supplied (in millions) barrels barrels demanded demanded (in (in millions) $100 00 millions) $50.00 104 110 112 $ 80.00 $60.00 105 109 111 $70.00 106 108 110 $80.00 107 107 109 $90.00 108 106 108 $40.00 $100.00 109 105 107 $110.00 110 104 106 $20100 Question 2: SODO 101 107 109 110 121 1:12 113