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AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency.

Gas
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Valor | Energy Connection – Mar. 17, 2025

Valor

Summary : The IEA reports that global crude supply is exceeding demand by 600,000 bpd, pushing oil prices toward the $60-$80 per barrel range, with U.S. refinery shutdowns of 400,000 bpd are contributing to the surplus. production expected to rise by 400,000 bpd to 13.6 million bpd in 2025.