Good news ahead, page-10

One of the major contributors to the disaster from the crash in POO was Saudi Arabia itself trying to force out its competitors in a market that was being saturated by over production and increasing stockpiles. The US has turned its position around quite dramatically and is no longer a major importer.
The combination of these (and other geo-political shenanigans) has created financial disasters to several countries and included in that, the major contributor, Saudi Arabia, which has shot itself in the foot and their economy is so ironically now in a real mess.
Sky11 is right in saying that the interests of smaller producers and the situation created in Saudi Arabia, will become a major catalyst to a serious review of POO. It will never get back to those crazy levels of 2013/4, but, the prices from 2014/5 were equally crazy and are being seriously and gradually revised. Technological advances have also contributed to more efficiency and a much lower selling price is now capable of providing a profitable return which would not have been heard of only a couple of years ago.