A few days ago, Deloitte’s annual survey of the Oil&Gas market and its forecast for 2020 came out.
We are always attentive to international dynamics, industry trends and novelties that can develop and then involve our work, for this reason we read its contents and we are here to share it with you (link here if you want find the whole report).
So, what do we expect in 2020?
Photo by Unsplash (Kartikay Sharma)
The report tries to fix the main factors that must to be monitored in 2020 in the various oil, gas and chemical industries. At macroeconomic level, we must remember:
– that economic growth is weakening, not only in the United States, but also in Europe and China;
– that there are continuing trade tensions which create uncertainty, dampen growth and can lead to changes in the supply chain;
– the many political risks, the new elections in the United States, the results of Brexit in Europe and tensions in the Middle East between different states. An unstable situation that could slow the growth of the oil and gas market.
Not exactly a rosy forecast, although the report notes that liquid natural gas continues to grow and American export capacity is constantly increasing.
The global supply of oil seems certain, despite geopolitical problems in the Middle East and Venezuela, and oil supply remains secure thanks to the growth of US production.
An ever-changing market, particularly challenging for its complexity, a market that stimulates us to give our best alongside our customers.
