2017 Oil & Gas Industry Outlook
It’s been an attention-grabbing 2017 as the information cycle has been dominated by politics, pure disasters, and tense geopolitical challenges; also, the oil market remains to be challenged by excessive stocks and sluggish costs. From an vitality perspective, we were busy watching: a) OPEC prolong its cuts and adhere to them, b) US producers enhance manufacturing and keep costs down, and c) demand improve sufficient to provide us hope however not but enough to essentially world’s largest grassroots petroleum refinery transfer the needle.
In the meantime, we experienced Hurricane Harvey in Texas, which reminded us of what’s actually important in life and of the indomitable spirit of Texans (and many Louisianans who got here to our aid). For me, Harvey also strengthened that we we do as an vitality industry is necessary to the world and something we should look upon with satisfaction.
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