How Petroleum Industry Young Professionals Can Survive the Oil Price Volatility
Soft Skills
Never mistake a lack of volatility for stability. Due to many influencing factors, the oil and gas industry has experienced several cycles of meteoric rises and plunges in oil price. With the volatility of oil prices comes key business decisions in the industry, which may or may not directly affect the career of young professionals (YPs). Following significant oil price peaks, for example, in 1979 and 2008, were the declines. Below are some of the historically consistent reactions during downturns in oil price.
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