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.
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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