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 – February 2017
A closer look at the oil markets from the technical analysis perspective, energy reform in the Latin America, and US tax reform blueprint.
"Despite a complex global economic context, the Energy Reform is moving forward with Supermajors, Mexican and international companies rallying around its’ first ever private bids for deep and ultra-deepwaters..." – Ruben Cruz, Lead Partner, Energy & Natural Resources, KPMG in Mexico
"Brent prices seem to have reached critical price levels. Latest price action does not show a clear picture about what happens next. Over the last 2 months prices moved more or less sideways, around the $55 USD per barrel price level, and lost the upward momentum it had in November 2016..." – Christian Kurz, Deputy Head Regulatory & Risk Management Commodities Trading, KPMG in Switzerland
"With OPEC looking to provide a floor to oil prices, many of the efficiency and innovation gains achieved by producers during tougher times are now being leveraged to provide more breathing room. Asian refiners – a group heavily skewed by the Chinese teapot refineries – now face a decline in the refinery margins." – Oliver Hsieh, Director, Commodity & Energy Risk Management, KPMG in Singapore
"A proposal included in a Republican tax reform blueprint called border adjustability – which would make foreign inputs taxable while allowing tax-free production for export markets – is not likely to advance in its current form..." – Jeff Wright, Associate, Eurasia Group*
* Guest contributor to February edition
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