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The Oil & Gas Sector

The petroleum industry includes global processes of exploration, extraction, refining, transporting (oil tankers and pipelines), and marketing of petroleum products.

The oil and gas industry is incredibly resilient and has some of the brightest, most innovative people.

The energy industry is not any different than most commodity-based industries as it faces long periods of boom and bust.

The oil industry is easily influenced by economic and political conditions. If a country is in a recession, fewer products are being manufactured, not as many people drive to work, take vacations, etc. All of these variables factor into less energy use. However the UK economy is bouncing back and this industry has some interesting strategies on the horizon.

 

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