The oil price is not only relevant for insiders in the oil industry. It is important for the entire economy; politicians and central banks keep their eye on it. But how is the price of oil actually determined?
Like every price, the price of oil is a result of the interplay between supply and demand. Plus, there is the economic environment which can lead to longer-term changes.
An overview of the key factors:
There are different oil grades and countries where these are pr
This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well.
These interactive presentations contain the latest oil & gas production data from 112,550 horizontal wells in 12 US states, through April 2019. Cumulative oil and gas production from these wells reached 11.3 billion bbl and 1