Petroleum Engineer Mock Interview
Master 30 Petroleum Engineer interview questions covering reservoir analysis, drilling operations, and production optimization.
Question 22 of 30
What is the current price of oil?
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The interviewer may ask this simple question, and it is important to be a well-rounded candidate and have a basic understanding of oil and gas products, pricing, distribution, and other end-result issues. They want to know that you have kept up with what is going on in the larger context within the industry and understand the big picture (and not just your role within a box).
"Today, the price of oil is around 48.50 / bbl. The use of oil continues to be the primary factor in making it a high-demand commodity around the globe, and pricing is determined by various factors, including supply and demand, OPEC, and issues such as the demand for gasoline for cars, airline travel, electrical generation, and political influences."
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Make sure to keep up with the price of oil and any dramatic increases or decreases in oil prices and why things change. Conduct some research on where prices have been, influences on pricing, role on the economy, and what to expect in the near future.
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