The document discusses several topics related to the global oil market including OPEC's decision to maintain oil production levels which has lowered prices, the impacts on high cost producers, and OPEC's expectations for rising prices by 2020. It also discusses the conflicts and crises in Syria, Iraq, Nigeria, and Libya and their effects. Several sections cover the rise of US shale oil production, the companies involved, and how low prices have impacted them. Global oil demand trends and their implications are also summarized.