2020 oil and gas industry outlook Exploring oil and gas trends Is your organization prepared for the uncertainties, risks, and opportunities ahead? From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. Our Global Downstream Outlook—based on data and insights from Energy Insights’ models—outlines recent trends in global refining and presents our outlook on supply, demand, and margins. The outlook also offers a perspective on how changes in global refining capacity, regulations such as MARPOL , and developing economies will affect refining utilization, crude and product balances, and trade flows. The oil and gas refining segment has been the biggest beneficiary of oil’s low-price environment. But the gains haven’t been equally shared or followed past trends. Among the various players in the O&G value chain, petroleum refineries have been the biggest beneficiary of the lower-for-longer oil price environment—which has widened their crack spreads and renewed investors’ interest in the business. GlobalData’s report, ‘ Global Refining Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries ’, reveals that Asia is expected to add 5.3 million barrels per day (mmbd) of planned and announced crude oil refining capacity by 2024. In the quest for diversifying the industrial sector, the oil & gas downstream industry has become one of the major focus areas among developed and developing nations, globally. However, the refining market is restrained by factors such as lack of funds, delay in commissioning projects, and acquiring lands. As a result, the upstream oil and gas industry is moving toward the deep-sea regions for exploration and production activity, in recent times. Brazil is one of the key markets for deepwater oil and gas projects. The Brazilian oil and gas market is driven by successful regulatory changes and improving financials. • The European oil refining industry is experiencing a. systemic crisis. Such ongoing trends as the decrease in US gasoline imports and commissioning of new highly effective oil refineries in the Middle East and Asia will continue to have a long- term negative effect on European producers. •Gas consumption will grow faster than oil consumption.
for Oil & Gas. Learn more about oil and gas and water industry trends, along with how SUEZ can deliver operational calm with integrated solutions for refining. Panhandle Oil and Gas chooses new CFO after resignation While trends involving stocks for Oklahoma-based companies evolve over time, periods of to revisit blending exemptions issued to small refineries in OK, Wyoming and Utah.
CEE's leading integrated oil and gas firm is putting petrochemicals at the centre of Market backwardation and IMO 2020 adjustments balance storage trends Large-scale changes in refinery operations will be just one of the major changes The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude its location—for example, its proximity to tidewater and refineries. An August 2016 Forbes article said that oil was the "world's primary fuel" and "The trend follows a spike in oil futures prices that has created incentives for Three Trends Reshuffling North America's Midstream Industry. Private equity, new export Explore Bain's expertise in Oil & Gas and learn how we can help your company. Full Potential Oil Refining in a Challenging Environment. Refiners Furthermore, the trend is away from central fuel depots towards bunkering in the retail however, the key trends are that European gasoline and heavy fuel oil.
Key Market Trends Expansion in Downstream Infrastructure. The demand for oil as fuel in the transportation sector is likely to maintain its momentum in the short Home · Kickstarter · In the news · Deepwater · Farm in, Farm Out · Oilpatch Sahara · Gas; More +. Local Content · Downstream · Oil patch Sub-Sahara · Refining PRC Europe 2020 - annual closed-door Petrochemical and Refining Congress business event for Top managers from top petrochemical oil and gas companies. innovations and trends for plastic recycling and environmental sustainability. Current Trends in the Petroleum Industry requirements and petroleum (oil and natural gas) the increase in refinery runs to mid-September of 7% while.
It is the largest refining company in Asia and operates the Beijing Yanshan petrochemical complex, one of the largest refined petroleum products production sites 27 Dec 2019 Linchpin SEO Presents - Trends That Will Transform The Oil and Gas Industry Refinery capacity worldwide grew by 6% through 2018. 30 Jul 2019 Oil Refining Market is anticipated to reach over USD 7 trillion by 2024. of prevailing refinery facilities will fuel the global oil refining market 28 Feb 2018 Oil demand will be squeezed by electric vehicles, fuel efficiency standards and ride-sharing in the years ahead. Experts weigh in on the trend. 20 Feb 2019 With gasoline consumption expected to wane, crude-to-chemicals complexes Whereas most refineries convert just 5–20% of incoming oil into new equipment and even designing new processes to seize on the trend. 2020 oil and gas industry outlook Exploring oil and gas trends Is your organization prepared for the uncertainties, risks, and opportunities ahead? From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. Our Global Downstream Outlook—based on data and insights from Energy Insights’ models—outlines recent trends in global refining and presents our outlook on supply, demand, and margins. The outlook also offers a perspective on how changes in global refining capacity, regulations such as MARPOL , and developing economies will affect refining utilization, crude and product balances, and trade flows.