Low Oil Price Effects on Procurement and Cost Cutting

Low oil price effects on procurement and cost cutting

Mark Ellis Blog, Oil&Gas

2015 was the beginning of the storm to hit the oil and gas industry, with the world’s demand for oil falling and supply increasing, the resulting price of a barrel has plummeted to record lows not seen since the last crash in the early 2000s. This has driven a change of attitude across the industry to really examine expenditure, leading …

Expensive alternative fuel vehicles

admin Blog, Oil&Gas, Supply Chain 0 Comments

A study carried out by the Grant Thornton International Business Report (IBR) found that one in four business leaders are either using or are considering adopting alternative fuel vehicles. Unsurprisingly the most cited reason for considering alternative fuels was cost. With Brent Crude oil currently at $108 per barrel and the IMF warning that prices could double by 2022, businesses see fuel …