Market Update: Oil & Gas | KPMG | BE

Market Update: Oil & Gas

Market Update: Oil & Gas

Monthly report focusing on the trends and price volatility facing the O&G sector and how the global market reacts.

Monthly report focusing on the trends and price volatility facing the O&G sector.

Oil & gas markets: monthly roundup – April 2016

Despite oil rig count levels declining sharply and a number of North American shale producers facing bankruptcy, crude production levels remain surprisingly robust.

"With U.S. crude oil stocks holding at record levels, production declines will need to accelerate to stimulate sustained increases in prompt crude prices..." – Thomas G Ruck, Director, Market/Treasury Risk, KPMG in the US

"A LNG market that is transforming, becoming more varied and increasing globalized presents all participants with challenges..." – Mary Hemmingsen, Partner, Global Head of LNG, KPMG Canada

"Lower fuel price is certainly a good news for Japanese consumers especially when the power retail market has now liberalized..." –  Tsuneo “Neo” Miyamoto, Partner, Lead oil and gas in Japan, KPMG Japan

"MiFID II has been absorbing most attention on the regulatory front; it will bring with it some far-reaching changes for oil and gas firms..." – James Maycock, Director, Commodity and Energy Markets Risk and Regulatory

 

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Market Update: Oil & Gas - April 2016

Market Update: Oil & Gas - April 2016

Mirroring the volatility that has shrouded the oil and gas markets over the last two years, ICE Brent prices see-sawed in early April.