The oil sector is showing signs of great growth with its rising prices and decreasing supply. This is evident in the high oil and gas investment in recent times. Investors are making a beeline to purchase oil and gas stocks in the stock market. The oil industry is experiencing a huge demand today. The amount of oil consumption in the coming years is expected to rise steeply by 115 million barrels per day in 2030, which is almost 30 million barrels per day more than that’s consumed today.
The developing countries like India and China are adding to this demand and the energy consumption is expected to increase by 1.8 % per year in the next 30 years. Oil & gas investment is considered a safe and lucrative investment because of its ever rising utility.
[FONT="]The oil industry is also growing in popularity because of petroleum being a component of the sector. Petroleum is an important part of the oil and gas sector, which gives rise to many economically viable products when mixed with other non-hydrocarbons.[/FONT]
The developing countries like India and China are adding to this demand and the energy consumption is expected to increase by 1.8 % per year in the next 30 years. Oil & gas investment is considered a safe and lucrative investment because of its ever rising utility.
[FONT="]The oil industry is also growing in popularity because of petroleum being a component of the sector. Petroleum is an important part of the oil and gas sector, which gives rise to many economically viable products when mixed with other non-hydrocarbons.[/FONT]