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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.

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