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Why do oil prices fluctuate?- An insight for oil and gas engineers

Many of Mirage's customers are on-site engineering service companies, who use our portable on-site machining products for a wide range of oil and gas machining projects.  

The recent collapse in oil prices has made life very tough for these companies. Over production by OPEC (The Organization of the Petroleum Exporting Countries) has played a significant part, but as the infographic below published by Jones Oil shows us, there are many other factors which can also cuase oil prices to fluctuate.

 Source: Jones Oil http://www.jonesoil.ie/

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