Here is an article and a video I thought you may find interesting.
Is the Ice Age Thawing for Oil Companies?
Link here
Great video from White Tundra Investments on the O&G Macro Outlook. It is over four hours but fully covers both the supply and demand factors contributing to higher prices.
I broke it up over a couple of sessions.
His website is at this link and has other great videos on how to properly value an oil company properly.
Thanks John for this extremely informative video!