Posted November 30, 2018 08:18:13 Oil prices are going through a dramatic shift this year, and there are a lot of reasons for that.
The world’s top oil exporter and biggest producer has been in a bear market for a long time, and now we have seen oil prices hit record lows, even in times of low supply.
This has pushed many countries, particularly in the Middle East, to try to diversify their economy away from fossil fuels and into other sectors.
That’s led to a massive increase in the use of renewable energy, which in turn has driven up the cost of oil.
It has also created a boom in alternative energy, such as solar, wind, and geothermal.
That has led to some of the biggest shifts in the industry over the last decade, including the shift from oil to natural gas, and the recent price crash.
Here’s a look at why the oil industry is in for a massive shakeup this year.
The Rise of the OPEC-Controlled Oil Market The oil industry has been a highly controlled one for a while now, but it’s only just starting to get out of that grip.
The Organization of the Petroleum Exporting Countries (OPEC) is the world’s largest oil producer and exporter.
It is also the world leader in global supply.
The group includes a number of oil producing countries and is based in Vienna, Austria.
The United States is the largest producer and the largest consumer of crude oil in the world.
As of early 2018, U.S. production was over 2 million barrels per day.
That number is likely to grow in the next couple of years, as the country continues to increase production and as the oil and gas industry is slowly transitioning to alternative energy.
The Opec oil cartel, also known as OPEC, controls about 90% of the world market.
That makes the cartel the world government, which has its own budget, rules on how the oil is produced and sells the oil.
The other 5% of oil supply is controlled by countries like Saudi Arabia, which have their own budgets and control the rest.
This group includes Russia, Iran, Venezuela, Kuwait, Iraq, and other countries that are not part of the Opec.
The current price of oil is about $115 per barrel, but that price fluctuates wildly depending on supply and demand.
The U.K. has been the biggest buyer of crude in recent years, but the country is no longer a member of the cartel and is now a big producer.
It was a huge factor in the oil market in the first place.
The country was able to switch to natural-gas production due to cheap natural-coal supplies and the country’s decision to export a lot more fuel to Europe.
However, it also brought about the dramatic price drop, as natural gas prices plummeted by more than half from their peak.
That lowered the cost to make the same amount of oil as before, but now the cost for natural gas has also plummeted.
The result has been huge demand for natural-coke, which means the price has risen by over $100 per barrel.
There’s also been a huge shift to biofuels, which make up a large part of what the oil-and-gas industry makes.
That shift also caused a dramatic price spike, as demand for biofuel was fueled by cheap, renewable energy.
This was exacerbated by the price crash, which caused companies to close plants and lay off workers.
This forced many people out of work and caused a huge drop in prices for fuel.
In addition, a glut of oil has also led to the need to increase the supply of natural gas.
The price of natural-oil production is about 35 cents per barrel on average, but for biofuel it can be up to 60 cents per day, depending on how much biofuel is used and the amount of renewable resources used.
The OPEC oil cartel has not always been so harsh on its own producers.
They have been open to allowing a bit more supply, which is why they’ve been allowing more biofuel to be produced.
However if that supply was kept at a level that is sustainable, it could cause the price to fall again.
That could lead to a boom for alternative energy sources.
This is also why the U.N. has recently issued a call for the Organization of Petroleum Exporters to begin a transition away from its cartel-controlled price.
The goal of the call is to help bring the price of crude into balance and allow oil producers to diversified away from oil.
Some experts say that’s a good thing because the OPEC oil price is a reflection of the global supply and consumption.
The market is being controlled by a cartel, and a lot has changed in the past few years.
As the global economy gets more diverse, it’s a great time for alternative fuel sources.
It’s also a great opportunity for producers like the U,S., Saudi Arabia and