The internet of things (IoT) and artificial intelligence (AI) form the broadest oil & gas industry trends, with most of the other top 10 trends utilizing IoT and AI to improve oil & gas processes.
Factors That Influence Pricing Of Oil And Gas
- Demand. As with any commodity, one factor that dictates price is demand. …
- Supply. Supply has an effect on price. …
- Quality of Oil. The quality of the oil affects its price. …
- Speculation. …
- Demand for Oil. …
- Temporary Price Fluctuations. …
- Investing in Oil and Gas Drilling
The oil and gas industry supports millions of American jobs, provides lower energy costs for consumers, and ensures our energy security. … Oil, natural gas, and coal provide 80% of American energ