1. History
2. Subcategories
2.1. Current Industry climate (29/9/23)
2.1.1. Oil hits yearly high
2.1.1.1. Could cause persistent inflation
2.1.1.2. Trouble for Biden during the next election
2.1.2. US shale not increasing production meaningfully
3. Headwinds
3.1. War in Ukraine
3.1.1. Potential resolution increasing supply
3.2. Recession Fears
3.2.1. Decreasing demand
3.3. Price
3.3.1. Saudi decides to extend cuts to its crude-oil output until the end of the year
3.4. Government policies
3.4.1. discouraging investment from corporations (20/9/23)
3.4.1.1. Companies have record profit
3.4.1.2. investment in drilling expected to remain flat into 2026
3.5. Transition to clean energy
4. Tailwinds
4.1. War in Ukraine
4.1.1. Disrupting oil prices
4.2. Pandemic recovery
4.2.1. Increasing oil demand
4.3. US oil production
4.3.1. Record supply coming from the U.S. and Brazil
5. Investible areas
6. Regulations
7. News
7.1. Predictions in 2023
7.1.1. International Energy Agency (IEA)
7.1.1.1. Barrel average $105
7.1.2. OPEC+
7.1.2.1. Barrel average $100
7.1.2.2. cutting back with demand booming = 34.5% (20/9/23)
7.1.3. Goldman Sachs
7.1.3.1. Barrel average $125