Outlook for the oil industry in the 21st century: OPEC's main concerns

摘要

Oil producers have enjoyed rising prices over the past year. The general demand for oil has improved as a result of economic activity, but there are other reasons for the recent rise in prices. The weather played an important role in creating higher demand, with a long winter last year in the Northern Hemisphere. The weather was also partly to blame for a number of disruptions to supplies of both crude oil and distilled products, and these disruptions contributed to the pressure on prices.