February 2017- ADI Analytics conducted a webinar to speak on the outlook for oil & gas, energy, and chemicals for 2017. ADI’s CEO, Uday Turaga presented this outlook while keeping upcoming changes in mind such as the OPEC deal, Donald Trump’s election, Brexit, slowing emerging economics, electric vehicles, and new regulations. Each were included across five segments: upstream oil & gas, midstream and NGLs, refining and fuels, power, and chemicals.
Segment 1- Upstream oil and gas: ADI presented on the optimism driven by the OPEC deal, which will hold up oil prices from NA shale.
Segment 2- Midstream and NGLs: We see moderate production and supply in North America, driven by the overall cooperation in shale plays. For demand, we seen benefits from exports as well.
Segment 3- Refining and fuels: After a difficult year in 2016, we believe this will continue in 2017 due to high crude, lower fuel prices.
Segment 4- Power: We anticipate that the Trump administration will have an impact on power, specifically around coal. Despite this, we find it will be moderate given the shift from coal to natural gas.
Segment 5-Chemicals: ADI finds chemicals will continue to struggle due to emerging economy, which is struggling with growth among other challenges.
To obtain a more in-depth analysis of our 2017 outlook and questions and answers from our Q&A session, visit our store and contact us for the full PDF report. >> 2017 ADI Oil Gas Energy Chem Industry Outlook
