OPEC warns of severely limited excess capacity of oil

OPEC Warns of Severely Limited Excess Capacity of Oil

The shortfall of global oil supplies sent prices up more than 50 percent this year, and the group of oil exporting countries warned this week the shortage probably will continue beyond 2023. The Organization of Petroleum Exporting Countries (OPEC) and its non-member partners, which includes Russia (the second largest oil…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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