• Oil Rig
    Economics

    The Top 5 Reasons to Track Oil Production Reports

    Oil fields operate in a complex market. This market changes instantaneously in response to global events, new technology, or a shift in the government’s policy on energy. Oil production reports help you monitor the impact of these changes on the supply side of the oil market. More specifically, you will take note of output levels, imports, exports, inventories, and movements among other things. Doing so is critical for various reasons. Here are the top 5 reasons to track oil production reports. 1. Providing Clarity on Market Conditions Sometimes, the oil market is awash with rumors and endless speculations. Experts in the industry may give varying opinions as well especially when…