This is a wake-up call to the oil consuming countries and to the oil producers.

这对石油消费国和产油国都是一记警钟。

youdao

Fighting for world oil resources among oil consuming countries will be increasingly fierce and ensuring oil supply safety will become an important state policy for oil consuming countries.

石油消费国对世界石油资源的争夺将日益激烈，确保石油供应安全将成为石油消费国的重要国策。

youdao

So other countries wound up consuming less oil.

所以其它国家在减少石油的消耗。

youdao

It is still higher than the oil-consuming countries would like, although the price is now within the range preferred by the Organisation of Petroleum Exporting Countries (OPEC), and OPEC members are already muttering about production cuts to prevent further falls.

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Prudent hedging by oil traders and consuming countries (though not their strong suit, historically) would minimize any price spike.

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