The global management of Oil and Gs

Question 1

How can improved management of transfers improved the imbalance of oil and gas

Answer 1

Transporting resources from areas of excess supply of oil and gas to areas experiencing excess demand in oil and gas through pipelines

Question 2

How can storage improve the imbalance between oil and gas

Answer 2

Oil and gas can be stored in tanks, underground reservoirs and other places to be used during periods of excess demand

Question 3

How can pricing improve the imbalance between oil and gas

Answer 3

If there is an excess supply of oil prices may be low to stimulate demand and if there is excess demand prices may be high to reduce demand

Question 4

How can oil and gas production cuts lead to an improved balance between oil and gas

Answer 4

Oil-producing companies can agree to cut production to reduce the over supply of oil and balance the market
this has been used by the Organisation of Petroleum Exporting Countries (OPEC)