Asia Oil & Gas Q2 2019
Crude oil production across Asia will continue to disappoint over the coming quarters, as conventional reserves declineand investment in new oil plays slow. In contrast, upstream conditions, shifting government policy and growing environmentalawareness among consumers remain aligned in favour natural gas, supporting our bullish forecasts for both production andconsumption. Asian countries will continue to be the global engines for demand growth, although risks are weighted to thedownside from elevated macroeconomic and external headwinds.
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