Oil prices have been volatile lately, rising and now falling. This is due to world events, a stronger US dollar, summer driving demand, and concerns about high gasoline prices. China's stagnant economy has also slowed demand, while India remains a potential growth market for oil. Despite industry efforts, the transition to clean energy is ongoing and posing challenges for oil producers. Still, fossil fuels are expected to remain important for the next decade, with renewable energy sectors showing both promise and concerns.
