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Questions and Answers
In the oil and gas market, which factor has the greatest impact on pricing?
In the oil and gas market, which factor has the greatest impact on pricing?
- Economic fluctuations in major consumer countries
- Technological advancements in extraction methods
- Environmental regulations and concerns
- Global political stability (correct)
What is a common method for companies to mitigate risk in the oil and gas market?
What is a common method for companies to mitigate risk in the oil and gas market?
- Increasing workforce diversity
- Investing in renewable energy projects
- Hedging through financial instruments (correct)
- Expanding exploration activities to new regions
Which of the following is a challenge faced by companies in the oil and gas market?
Which of the following is a challenge faced by companies in the oil and gas market?
- Stringent government regulations on marketing strategies
- Limited access to advanced drilling technologies (correct)
- High consumer awareness and ethical consumption trends
- Fluctuating demand due to seasonal variations
