Market Update: Oil & Gas | KPMG | GLOBAL

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 – May 2018

A closer look at improving cash flows, the need for water in the O&G sector and the geopolitical effects of the reinstatement of US sanctions on Iran.


• “In the context of a rapidly improving oil price environment, this year’s quarterly earnings season kicked off with a resurgence in Oil & Gas company profitability. Structural change focusing on cost reduction and operational efficiency is clearly having an impact...”

    — Mr. Mohammed Chunara, Associate Director, Energy & Natural Resources, KPMG in the UK

 

• “The demand for water in Oil & Gas, drinking, farming and other industrial needs requires groups to work together to ensure all needs are met.”

    — Mr. Steven M. Estes, Advisory Oil & Gas Lead, KPMG in the US

 

• “The geopolitical effects of the reinstatement of US sanctions on Iran, as well as the rosier demand picture, are pushing the oil price back to the normal level of US$70-80 per barrel.”

    — Anton Oussov, Global Head of Oil & Gas and Head of Oil & Gas in Russia and the CIS, KPMG in Russia

 

• “US President Donald Trump on 8 May announced the decision to withdraw the US from the Joint Comprehensive Plan of Action.”

    — Divya Reddy, Practice Head, Global Energy & Natural Resources, Eurasia Group*

*Guest contributor for May edition

To read previous Market Updates, please click here.

 

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"Faced by the recent rise in oil prices and softening of demand for its goods, the balance of China’s economy is being further pushed by the changing political landscape..."
 –  Oliver Hsieh, Director, Commodity & Energy Risk Management, KPMG in Singapore

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