About a month ago, the oil and gas industry reached an all-time low. The demand for oil dropped rapidly due to the spread of COVID-19, more commonly known as the coronavirus, right as Russia and Saudi Arabia flooded the market with an excess amount of oil. This left...
The oil and gas industry is a multi-trillion dollar industry that’s dominated our world for over a century. From fueling our vehicles and planes to heating our homes, the industry has become the largest source of energy. Frequently it’s a hot topic even in politics,...
When it comes to dollar value, the oil and gas industry is considered the largest sector in the world. In specific regions where major National Oil Companies (NOC) are situated, oil and gas companies often significantly contribute to national Gross Domestic Product...
For most of the world, oil is a necessary part of life. The United States imports much of its oil and the majority of it is converted into other products for people to use, such as gas or heating oil. On average, the U.S. consumes about 19.4...
We all know that oil is an important resource. We know that there is a lot of controversy regarding where we obtain our oil. But one thing we don’t focus on enough is how the oil is transformed from the way it looks right out of the ground, to the gasoline that we put...
