When Will Supply Deluge and Price Rout End, and Will Oil Top $50 by 2017?
This research service aims to analyze the key factors effecting the price of crude oil in the short term (2016–2017) and the expected price in the mid-term (2018–2019), as well as the impact on process equipment from 2015 to 2019. Research covers the demand-supply mismatch and positive factors driving the market such as declining CAPEX, production decline in North America, robust downstream demand, and the Saudi Arabia-Russia pact to freeze output. It also looks at negative factors such as surplus production, global growth, impact of Iran entering the market, and continuing political uncertainty. Based on these factors, the research examines possible price scenarios (2016–2019) and the resulting impact on the process equipment market.
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