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OEF Rapid Review It

This article considers three principal drivers for the oil trade: technology, weather and OPEC policy:

· Fracking technology is highly influential: The graphs “Crude oil historical patterns”, showing changes over the last 5 years compared to the last 15 and 30 years, and the graph “US Crude oil production” from1983 to 2017, show the relevant impact.

· Extreme weather: A growing number of weather events costing $1 billion have been experienced, as well as significant losses in production.

· OPEC strategy is less effective now… The graphic “Does OPEC policy influence prices anymore?” asks a very pertinent question.

LINK TO THE SOURCE ARTICLE:
Three Key Factors That Are Changing The Oil Trade

 

 

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