International Petroleum Industry

The international petroleum industry involves the global production, transportation, refining, and sale of oil and natural gas. Companies and countries work together to extract these resources from underground or underwater reserves, convert them into usable fuels like gasoline and diesel, and distribute them worldwide. It is a complex network influenced by geopolitical factors, technological advances, and environmental considerations. The industry plays a crucial role in powering economies, transportation, and industries, but also faces challenges related to sustainability and climate change. Overall, it is a vital global sector that shapes energy availability and economic stability.