Since 2014, the oil industry has been extremely volatile. We have seen global production growth dramatically outstrip demand growth, resulting in a major surplus of oil across the world. This has affected global oil prices, and the industry in North America has been slowly adapting to correct for the overproduction.
This blog talks about what the major influencers in the industry have been over the last several years and what will drive the market as we move forward. Through a variety of graphs and explanations, you can get a data-driven picture of what is currently happening in the industry, what we can expect to see over the next several years, and the impact that the global population and energy consumption trends will have on the oil industry.