Many who work in oil saw the opportunities available during the downturn in oil and gas. In this article in Bloomberg, you'll read how some have struck great fortune by taking advantage of them. There is also mention of a number of firms who take the same approach as Honeyguide.
Many forget the multiple uses of oil, one of which is petrochemical demand. In a recent report the IEA forecasts that petrochemicals will come to account for more than 33% of oil demand growth globally by 2030. By 2050, it will drive half of global oil demand growth.
Operators are continuing create more efficient gas wells, especially in Appalachia, and additional pipeline capacity brought online in the last year is helping increase supply. That coupled with longer, colder winters created increased demand in the first half of 2018 for natural gas.
According to this article, $300 Billion is needed over the course of 5 years to maintain growth in the Permian Basin. That's billion...with the letter b.
Saudi looks like they'll be increasing oil output for the months of October and November due to the oil demand growth. Another reason for this is to compensate for the losses incurred by the U.S. sanctions on Iran.