Tag: #oilmarket

  • Gulf’s Oil Price Web Scraping in R

    Gulf’s Oil Price Web Scraping in R

    Gulf’s Oil Price Web Scraping in R. Gulf states to gain $1.3 trillion in additional oil revenue by 2026: IMF. We discuss the basics of sourcing oil market price data for free online. discuss the basics of sourcing oil market price data for free online. Webscraping in R is a technique to retrieve large amounts of data from the Internet. We’ll be scraping data on Gulf’s oil prices from the Oil Price website and converting it into a usable format. This is is crucial for competitive pricing. In order to keep prices of your products competitive and attractive, you need to monitor and keep track of prices set by your competitors. If you know what your competitors’ pricing strategy is, you can accordingly align your pricing strategy to get an edge over them.