Oil and Gas Prices have Plummeted Worldwide Following Financial Crash

Crude oil prices have tanked as result of the global financial issues which have meant that the Dow Jones fell more than 1175 points over the month of February – which is a figure which is the biggest drop since the well-documented 2008 financial crisis. Oil and gas prices over the world have lowered significantly as governments and countries have scrambled to sell these assets, with US crude oil dropping to $63.65 per barrel as result.

Data from the Brent Curve have subsequently shown that this is a fall of 1.98%, and the Brent Curve can be viewed on oil and gas reservoir evaluation specialist ERCE’s website. This is a significant drop for American-owned crude oil, and other suppliers across the world have fared even worse than the US.

Canadian crude dropped by a staggering 3.26% in February 2018 to $34.38 per barrel. West Texas Intermediate owned crude oil fared slightly better, but experienced a drop of 0.56% - now standing at $61.90 per barrel.

In these tumultuous times, It truly helps to have the expertise of specialists at your disposal. ERC Equipoise are a British employee owned oil and gas reservoir evaluation company which benefits from the expertise of tried and trained specialists in the disciplines of engineering, geology, petrophysics, and of course a number of financial experts in-house and at your disposal.

Economists are an integral part of oil and gas support, and it helps to have access to advanced analytics which are used to build excel based models which are viable in most fiscal systems worldwide. Annual corporate reporting can often be considered a tricky endeavour, especially when they are linked to reserve based lending, but ERC Equipoise specialise in such, as well as asset modelling for investment decisions, fair market valuation studies, and of course Full Value Studies.

Trust the experts in assessments to provide a complete bespoke service for you, based upon the wealth of data of which they have full access to.

Comments

What Are Transcription Services?

Transcription services deliver speech to text. This is most often achieved using pre-recorded audio files. But, video to text services are common. Transcripts are either typed by hand or produced using automatic speech recognition (ASR) software. If this is your first time investigating transcription services, the number of choices, prices and transcript options can seem overwhelming. But, things aren’t as complicated as they seem. The truth is that although there are a lot of transcription service providers, most simply offer another brand on the same package of services. Here, we will explain what you need to know to get the transcript you need. But, first, we should look at who uses transcription services and why they are needed. Who Uses Transcription Services & Why? You need transcription services! But, the specific reason that you are seeking a transcript will impact what transcription service is best for you. Getting a text transcript of dictated notes, for ...

Domestic Heating Oil in North Wales

When selecting oil for domestic purposes, it is essential that you select a distributor who is able to offer their expert advice on which fuel is best for your home. It may be a case that you require additional fuel additives to clear issues within your fuel tank, or perhaps you require a particular grade of domestic heating oil. A reputable oil distributor will guide you through which fuels are the most effective, as opposed to simply selling you the latest range. Quad Fuels is an independent oil distributor, providing a range of fuels for both domestic and commercial purposes within North Wales and Chester. With a combined experience of over 200 years, its team of experts are there to help you make the right decisions when it comes to selecting fuel. So what are your options for domestic heating oil? Kerosene is the most commonly used fuel within domestic settings, and is often referred to as ‘burning oil’ and ’28 second oil’. There are different grades of kerosene, with higher ‘p...

Temperature-Controlled Logistics in Modern Supply Chains

In today’s fast-moving and highly regulated supply chains, the importance of maintaining strict temperature control during transport cannot be overstated. From food safety to pharmaceutical efficacy, countless industries now depend on specialist courier services to ensure their goods arrive in perfect condition. For businesses operating in sectors like food manufacturing, healthcare, and retail, working with a reliable refrigerated transport partner is more than a convenience — it's a necessity. Temperature-sensitive goods present unique logistical challenges. Perishable food products, for example, must be kept within precise temperature ranges to meet both hygiene regulations and customer expectations. Similarly, pharmaceutical supplies often require refrigerated or ambient conditions to remain effective and safe for use. Any deviation in temperature can compromise product integrity, leading to waste, customer complaints, or regulatory penalties. This is where experienced refrig...

UK Business Services

Search This Blog