Oil prices rise in response to turmoil in Middle East

Oil Prices Rise in Response to Turmoil in Middle East

RMI Supply

Oil prices continued to rise last week as tension between the U.S. and Iran escalated sparking fear of declining availability of oil from the Persian Gulf. Crude oil closed at $59.14 on Wednesday on the New York Mercantile Exchange and $66.26 for Brent, the international benchmark traded in London. President…

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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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