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The vast market landscape of the energy sector is complex and volatile—two characteristics that make it difficult for industry participants to keep up with changes. But failure to stay up to date could mean missing key opportunities or being placed in tough operating positions.
Every energy industry is forced to remain vigilant in identifying and analyzing trends, as well as developing strategies for addressing them, especially major industries:
The oil and gas industry, from upstream to downstream, is at the epicenter of shifts in the market. This includes refining and marketing, exploration and production, and drilling. Significant fluctuations in oil prices have caused even oil majors to experience decreased profits and reassess their operations, processes, and human resource plans.