Impact of oil price volatility on production and business of oil and gas companies and measures to cope with falling oil price

  • Nguyen Thu Ha Vietnam Petroleum Institute
  • Le Viet Trung Vietnam Petroleum Institute
Keywords: Crude oil price, oil and gas companies, investment, effective

Abstract

Oil price fluctuations will have a direct impact on the performance of oil and gas companies in different ways. In the context of oil price plunge which shows no sign of recovery, oil and gas companies have rolled out several measures, including reorganisation, slashing investments, cost savings, improving the quality of value chain management, and use of financial instruments, to cope with the falling crude oil prices. The paper outlines the impact of oil price plunge on the production and business of oil and gas companies and proposes measures to overcome the period of price fluctuations.

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Published
2015-12-27
How to Cite
Nguyen, T. H., & Le, V. T. (2015). Impact of oil price volatility on production and business of oil and gas companies and measures to cope with falling oil price. Petrovietnam Journal, 12, 61 - 67. Retrieved from http://tapchidaukhi.vn/index.php/TCDK/article/view/731
Section
Articles