2014 2015 Oil Prices Stimulus 
Green Car Congress
JUNE 1, 2016
According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014.
Green Car Congress
MAY 13, 2015
Saudi Arabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. The resulting crash in oil prices is forcing some production out of the market, and Saudi Arabia intends for the brunt of that to be borne by others. OPEC forecasts demand for 2015 to rise by 1.18
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