For years, the oil industry has been a lucrative one. It’s a trillion-dollar industry, and although it has been mired in controversy for a variety of reasons, oil is a necessary aspect of our everyday lives as humans. And, being involved in the industry as closely as...
2018 was a hard time for oil companies. Early 2018 saw oil prices shoot up in price; however, by the end of the year, the price of oil was down by 19%. Diamondback Energy, Concho Resources, Apache, Devon Energy, and Newfield Exploration were the oil companies that...
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...
