The Organization of Petroleum Exporting Countries has released its oil outlook to 2030, citing various challenges to the oil market, including uncertainty of demand, rising costs, and environmental regulations.The results point to growing energy interdependence, requiring a pragmatic dialogue among all parties, cognizant of the needs and responsibilities of oil producers and consumers, exporters and importers, and developed and developing countries.OPEC’s World Oil Outlook (WOO) says that the low oil prices of the 1980s and 1990s have had a dramatic impact on the oil industry because such low prices discouraged investment. As a result, at the beginning of this century, the world was...