Why It’s Important to Keep an Eye on the Gas & Oil Industry
Even as the global community is coming to grips with the ravages of climate change and the recognition that burning fossil fuels is the primary cause of the problem, gas and oil remain arguably the most important commodities in the world. Investors remind us that the...
Oil & Gas Trends From 2021
Despite greener alternatives steadily gaining market share, oil and gas remain behemoth industries, estimated at $2.1 trillion in total revenues this year. And according to experts, a mix of catalysts might continue to push the sector to record-breaking numbers in the...
How Can the Gas & Oil Industry Focus on Sustainability?
To solve the impending and potentially cataclysmic effects of climate change on our Planet Earth, environmental scientists agree that the global economy must move rapidly away from fossil fuels and adopt alternative energy sources that produce no carbon emissions....
A Primer On Oil And Gas Resources
What we often call oil is called petroleum or crude oil. It comes in liquid, gas, and tar form. Once it is extracted from the earth, it can be refined into gasoline, jet fuel, and petrochemicals. Gasoline is what powers our cars, and jet fuel powers our planes....
How Did The Pandemic Impact the Oil & Gas Industry?
The current conditions and declining fortunes in the oil market are impacting both supply and demand. These factors include plummeting costs of renewable energy, environmental performance, climatic change concerns, and the overproduction of gas and oil. On the demand...
Oil & Gas Trends To Know About In 2022
Oil prices have rebounded after being flat for months. Crude oil actually traded below the $0 mark briefly in the spring of 2020, thanks to the historic economic disruptions precipitated by the COVID-19 pandemic. Prices recovered somewhat after that but remained flat...
Dominican Republic Exports First IMO 2020 Compliant Fuel
The International Maritime Organization (IMO), a branch of the United Nations, has been banning ships from using fuels with a sulfur content higher than 0.5% in an attempt to reduce pollution. Before these new measures were established in 2019, the sulfur content in...
How Oil Prices Will Rebound
Money is what investors think of when they gauge oil in regards to their investment portfolios. The rise or fall of oil prices is an emotional experience no matter how much money an investor is set to gain or lose. As of March 10, 2020, oil has traded below $37 a...
US Crude Oil Exports Increase in 2019
There was a time when the United States imported most of its oil, but things changed when President Barack Obama took office in 2009. Before then, the United States was producing about 5.1 million barrels a day. By April of 2009, that number had risen to about 8.9...
The World’s Largest Oil Fields
The world runs on oil. Yet, many people are only vaguely familiar with how and where the oil that powers their cars, homes, and lives is acquired. This increasingly becomes a concern as the world relies more heavily on oil. The following oil offshore drilling fields...