Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the 20th century.
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.
How this shakes out is anybody's guess, but at a minimum, the explosion in DUCs over the past two years complicates oil production forecasts for this year.
To outward appearances, the U.S. oil and gas industry is in the midst of a decade-long boom, however, "America's fracking boom has been a world-class bust."
