2004-2016 production

From 2004 to 2016, global oil production experienced fluctuations due to technological advances, geopolitical factors, and market demands. During this period, production gradually increased, driven by increased extraction capacity and higher demand. Notable shifts included the rise of shale oil in the United States, which boosted overall supply, and some political disruptions in oil-producing regions that temporarily affected output. Overall, 2004-2016 saw steady growth in oil production, contributing to a more stable global energy supply, despite occasional interruptions. This period laid the groundwork for future developments in the oil industry and energy markets.