Crude Oil Futures

Crude oil is critical to numerous industries and is necessary to sustain an industrialized society. This is because The Production of oil is decreasing at all of the leading global oil companies. Oil companies have therefore no other option and need to expand their exploration in order to find new oil field to replace the number of reserves they have. By the next 15 to 20 years, Trillions of dollars may be exhausted in their pursuit of oil production.

The 5 of the leading global oil companies are;

1. Saudi Arabian Oil Company
2. National Iranian Oil Company
   
3. Qatar Petroleum
   
4. Abu Dhabi National Oil Company
   
5. Petróleos de Venezuela South America