Oil Prices Decline Then Recover During Christmas Week

Oil Prices Decline Then Recover During Christmas Week

RMI Supply

Crude oil prices dropped $3 in early trading during the shortened Christmas holiday week, but gained all that was lost on Wednesday to settle at $46.22 on NYMEX and $55.19 for Brent. Concern about declining economic activity worldwide has many economists worried about softening demand for energy. Even though OPEC…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


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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