Globally decreasing oil production and increasing demand have already resulted in the highest oil price in three years at the beginning of the year. A trend that is likely to continue this year. Various analysts predict that the price of a barrel of crude oil could rise to up to 80 US dollars in 2018. This forecast is based on the drop in oil stocks of the OPEC, the continued decline in production volumes in Venezuela as well as the strong global economic situation in general that should maintain the growing demand for crude oil.