Petroleum Supplies Increase but Demand Remains Strong Forcing Upward Pressure on Price

Crude oil and natural gas prices remain strong as market conditions indicate supply will be unable to meet rising demand. Brent crude oil increased to $120 per barrel this week and West Texas Intermediate settled at $119 on the New York Mercantile Exchange on June 8. Natural gas spot price…

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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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