What is the reason for the rise in oil prices?
Some scholars believe that it is because of the recent turmoil in several major oil-producing countries in the world that oil production has stagnated. For example, there have been different degrees of unrest in Russia and Kazakhstan, either the oil pipeline was cut off or the local armed groups occupied the oil production base, which seriously disrupted the production and transportation of oil. Thereby reducing the oil supply to the world.
The international oil price is influenced by the fluctuation of the world economy.
First of all, international oil prices will inevitably follow the fluctuations of the world economy. In fact, this concept has been proved countless times, so the international oil price has long been closely related to the world economy. From a macro point of view, when the world economy develops in an all-round way, with the development of the economy, the demand for oil will increase greatly, which will inevitably lead to the rise of international oil prices. Generally speaking, the decrease in world demand will naturally push down international oil prices.
What is the future development of oil?
In the long run, global oil demand will decline in the future; For example, the surge in oil demand caused by the epidemic is a short-lived phenomenon. When the epidemic dissipates, developed countries such as Europe and the United States will begin to implement economic recovery measures and vigorously develop industries, but will continue to promote carbon-neutral transformation. However, in the transitional period, the position of oil is irreplaceable, and it is still the most important energy source on the earth. Therefore, in a short time, new energy cannot replace oil, and the situation of soaring oil prices will still exist.