2015 was an interesting year for oil and gas sector. The most important change for oil an gas sector was the price.
The oil price drop is felt by the labor market from oil and gas sector, so countries the large companies from countries countries such as USA, Norway or UK decided to reduce the operational costs.
At global level, it is perceived a lower demand for the labor market in oil and gas industry, , as most of the new development project and oil and gas exploration projects are on hold, Saudi Arabia is the country that has the greatest deliberately increasing production.
is drop in UK
of labor market in USA
person employed in Norway
PETROLEUM PRICE EVOLUTION
The petroleum price was played an important role in industry.
Some countries, such as Venezuela, Nigeria, Iraq or Russia are seriously affected by the diminish of the oil price economically speaking, because they can not break even or they make far less profit than previous period.
Iran is also one of the countries that are experiencing these problems, with the international embargo on oil exports.Geopolitical changes had an important role in lowering oil prices, regional conflict and generating embargo on oil exports in some countries.
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In 2014, oil prices declined, going from $ 108.12 / bbl in January to $ 62.84 / bbl in December 2014. |
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Oil prices continued to fall, reaching in December 2015 at a price of $ 37.97 / bbl. |
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Year 2016 started with a drop of oil up to $ 30 / bbl, lowest price recorded in 2004. |
OIL & GAS 2016 OUTLOOK
Year 2016 will be a year of surprising and gas oil. Although January this year announced an impressive decline in oil prices, $ 30 / bbl, Saudi Arabia, one of the most important countries in oil production, announces further investments into energy.
Year 2016 will be a year of surprising and gas oil. Although January this year announced an impressive decline in oil prices, $ 30 / bbl, Saudi Arabia, one of the most important countries in oil production, announces further investments into energy.