From the average consumer’s perspective, crude oil price fluctuations are most likely only noticed when paying at the pump. But as anyone in the petroleum industry knows, the crude oil market can be volatile, and the supply chain is long and confusing. The various behind-the-scenes factors that influence oil prices have an immense impact on each part of the crude oil supply chain, from offshore rigs all the way to our gas tanks.
Impact of Crude Oil Prices on Various Partners in the Supply Chain
