As Saudi Arabia pledged to cut deeply into crude exports, oil rose, calming fears sparked by the shale boom slow down in recent months. During this month, oil exports are predicted to be a least a million barrels lower than this time last year and fracking companies are tapping the brakes, so to speak, on the industry. This signals, at least for the current time, that OPEC and its allies are going to remain compliant and the market will stabilize. So what does this mean for your industry?
It means a time for making rational decisions. When cooler heads prevail, it is an industrial opportunity to fine tune procedures and ensure that profits can still be made when the next oil dip occurs. One of the best ways to fine tune procedures is to take a look at slurry and how it is handled. Often, the oil and gas industry require a high quality of mixing, whether to inject additives into the stream or to separate oil sands into a useable product.
Now is a great time to take a look at how a Komax Triple Action Static Mixer can improve your procedures. With its unique flow straightener technology as well as its construction, the Triple Action mixer can handle a wide variety of mixing jobs while also offering customized configurations for ports, end fittings and style mixing elements. Making this jump now ensures your product will be consistent, fast and far more energy efficient.
Experts predict that it is unlikely OPEC allies will adhere to their targets as the year draws to an end. Currently, OPEC and its allies have agreed to production cuts, leaving exports untouched. But once that piece of the market comes into question, all bets are off and the market rebalancing might stop there. During heated “boom and bust” cycles, companies often make decisions that are counterproductive to profits. Let Komax help you take advantage of this time to prepare for the future.