The price of oil has been fluctuating significantly in the last few years causing disturbance in the activities in the oil business. Supply and demand of oil has been a major factor in the fluctuation of the oil price. But recently the Covid 19 had a major negative impact on the demand of oil and gas. As a result, investments in the oil business has declined in parallel to the oil price. This has reflected on the decline of number of active drilling rigs, and on the demand of professionals employed by the oil business. However, the positive of the approval of the Covid 9
vaccines has brought some optimism to the world economy and the activities in the oil business. The welcomed increase in the price oil in 2021 could bring new life in the oil business and increased activities and investments.
