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