July 2019, Vol. 246, No. 7

2019 P&GJ Metering & Measurement

Oil Prices and the Flowmeter Market

By Jesse Yoder, President, Flow Research, Inc. The worldwide flowmeter market experienced a rebound in 2018, with this particular market having followed the upward and downward fluctuations in oil prices, traditionally. WTI and Brent Oil Prices in US Dollars per Barrel from January 2008 to June 2019   When oil prices began dropping five years ago and many oil and gas exploration projects were postponed or canceled, associated instrumentation industries experienced a ripple effect. The impact was especially strong on Coriolis and ultrasonic flowmeters. About 30% of Coriolis meters are sold into the oil and gas industry, along with ref

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