Does the World Need More Oil?
Top Five Factors Affecting Oil Prices The situation on the oil market is a cause for concern ... ... in the Chinese economy, the situation in the Middle East, and OPEC member countries’ policy. Meanwhile, the oil price is ... ... determining the economic development of many countries, including Russia, where oil production and sale accounts for over 40 percent ... ... market; rather it will exacerbate the current situation. Factor 5: China’s growth rate Reuters China’s rapidly developing ...