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 – December 2016

A closer look at the aftermath of the OPEC production cuts meeting in November and the paradox of Indonesia as an OPEC member.

 

"As the sole Asian member – a region which is known viewed as a destination location in the energy value chain – and as the only net-importer of oil and refined products, Indonesia’s position in OPEC has always been a paradoxical one..." – Oliver Hsieh, Director, Commodity & Energy Risk Management, KPMG in Singapore

"The announcement from OPEC of a headline cut to 32.5 million bpd for Q1-Q2 2017, which included production targets for members other than Nigeria, Libya, and Indonesia, will fail to deliver an actual OPEC production total of 32.5 million bpd for Q1 2017..." – Greg Priddy, Director, O&G, Eurasia Group*

"It is expected that if prices stabilise at around $55/bbl for a number of months that US tight oil drilling will start up again, which would offset reducing supply from other countries..."Natalie Wansbury, Associate Director, Oil & Gas Practice, KPMG in the UK

 

* Guest contributor to December edition

 

>   Read more >   Register for regular updates

 

Connect with us

KPMG's new digital platform

KPMG's new digital platform

Market Update: Oil & Gas - December 2016

Market Update: Oil & Gas - December 2016

The paradox of Indonesia as an OPEC member.

Oil & Gas Price Comparison Tool

Oil & Gas Price Comparison Tool

Compare oil and gas price data to see correlation trends within the market with this interactive online tool.