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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 – February 2019

A closer look at oil and gas beyond renewables in meeting challenges of climate change.

“The January – February 2019 oil price seems to indicate market rebalancing at comfortable levels of USD $60 per barrel. OPEC seems to be disciplined in enforcing production cuts, as well as geopolitical factors affecting a number of oil producing countries namely Venezuela, Libya and Iran which contribute to perceived reduction in oil supply..”

Anton Oussov, Global Leader of Renewables, KPMG in Ireland

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>  To read previous Market Updates, please click here.

 

Footnote:

Time to shine: Solar power is fastest-growing source of new energy

"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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