Growing Need for Optimized and Cost-Effective Operations Across Petrochemicals Industry Spurs Demand for Oil and Gas Analytics
The prices of crude oil have been declining since mid-2014 and so have those of natural gas over the past few years. This trend of declining rates is expected to continue through 2024, states a report by Transparency Market Research (TMR). Declining costs of crude oil and natural gas have reduced the profit margins of exploration and production companies in the oil and gas industry. Similarly, other companies involved in the upstream, midstream, and downstream operations of the oil and...
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