In early 2020, oil prices plummeted from an average of USD 65 in 2019 to as low as USD 25 per barrel in March. Atradius economists predict that oil prices won’t return to 2019 levels until 2022. As of early June, prices remain around USD 40 per barrel. Both demand…
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John Lorié is chief economist at Atradius Credit Insurance and a researcher at the University of Amsterdam. Contact Atradius at info.us@atradius.com.
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.
