Firstly, I will focus on the strengths of Oil and Gas in the case of the economic growth as
factors that are positively associated with oil prices. Higher demand amid a robust economic
recovery, Rate of economic growth is higher and demand for fuel on a daily basis in response to
economic development, has risen. This has resulted in higher oil prices. That it makes every oil and
gas companies exploration, development and production of oil and gas. In addition, Oil producers
are to step up their strategy to cope with higher competitors and demand amid a robust economic