NEW YORK, Oct. 19, 2016 /PRNewswire/ -- Includes 3 FREE quarterly updates
The Global Oil & Gas Report features independent forecasts for global oil and gas market including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, major companies and changes in the regulatory environment.
We are bullish on global natural gas given the strong export project pipeline over the next five years and a growing shift towards lower carbon fuels consumption, in both emerging and developed markets. Weak oil prices are limiting investment in oil projects outside the Middle East, which will emerge stronger over the next five years as oil demand grows.
Key global market trends this quarter include:
- Heavy decline rates are being realized outside across large oil producers, with the burden of rebalancing oil markets switching from the stabilizing US to major producers such as China, Mexico and Venezuela.
- Mega project final investment decisions are being focused on lower cost barrel developments, either with substantial resource size or a low-cost infrastructure solution.
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