Analyse the current oil price scenario and highlight some generic risks derived from price volatility for these type of upstream projects. The report should be produced in a word document and cover the following elements:
1. Brief overview of oil markets explaining the factors impacting current oil price levels.
2. Discuss key factors moving oil prices such as oil supply and demand as well as drivers such as GDP growth, standards of life, energy resources, government policies, environmental regulations, etc.
3. Discuss in generic terms how the current oil price scenario could damage the viability of this type of upstream oil development project.
