Petroleum markets react to oversupply

Petroleum Markets React to Oversupply

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The recent tough times in the oil patch began in 2015 when rising oil and natural gas production, primarily in the United States, began to outstrip demand as worldwide economies began to slow down. The trend continued, and when the coronavirus pandemic hit in early 2020 economies around the globe…

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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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