Market Update: Oil & Gas – October 2015 | KPMG | ID

Market Update: Oil & Gas – October 2015

Market Update: Oil & Gas – October 2015

This issue of market update focuses on the demand and supply fundamentals moving oil and gas pricing. The oil price outlook mainly affected by the tug-of-war battle between the OPEC and the US to take center stage in the oil market.

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The Liquefied Natural Gas (LNG) shipping market continues to experience a cyclical downturn as the triple forces of fleet overcapacity, low oil prices and sedate global economic growth has resulted in a changing of LNG flow dynamics and the lowest LNG charter rates since 2010. Analysts continue to expect an oversupplied market in the near term. However, they maintain their prediction of a medium-term recovery in prices.

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