Petroleum Industry and Petroleum Geology

Petroleum Market

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The global economy presents its own opportunities and different threats for businesses in a range of large scale industries. Industry operators explore for, developing and operating the oil and gas fields. This industry , extraction of oil from oil shale and oil sands, mining, the natural gas production, includes the production of crude petroleum sulphur recovery from natural gas and the recovery of liquids. Transport, refining and marketing activities are hydrocarbon excluded from this industry

 Petroleum is sold as fuel oil and liquefied petroleum gas. Demand for petroleum is driven by auto and truck use, as well as heating in home also. The top two countries that consume the most petroleum are China and Japan; together they account for 20% of total global usage