EIA Forecasts 2016 Average Brent Crude Oil Price at $40 Per Barrel


The price for crude oil in 2016 is forecast to be lower than in 2016, Adam Sieminski, Administrator of the U.S. Energy Information Administration (EIA), said in January. The average Brent crude oil price is forecast to be $40 per barrel (b) in 2016 and $50/b in 2017, Sieminski told…

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3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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