Reaping benefits from Oil and Gas since 2006
Intangible drilling costs cover everything bar the actual drilling equipment used in oil wells and production operations.
Similar to any commodity, the oil and gas market sectors are affected by global demand, inventory levels, production, aggregate economic figures, and interest rate policies. To predict the future of the industry and to make the best investment decision, those investing in oil and gas look into specific economic indicators.
SOPEC, or the Organization of Petroleum Exporting Countries, has been a primary authority on the global trading floors. Its member nations work hand in hand to identify prices by reducing or boosting oil production.
The United States is one of the top oil-producing countries. Oil price affects the costs of manufacturing and production across the country.
CALTEX GROUP, LLC is an oil and gas exploration and investment company located in most parts of the US, Europe an most presently Asia.
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