June 11, 2019- ADI Analytics joined IMFORMED at Hilton Houston Post Oak for their 2019 Oilfield Minerals & Markets Forum. CEO, Uday Turaga presented on 'Oil and gas market outlook' for 2019.
Some of the key messages the presentation discussed included: supply-demand fundamentals pointing to an oil price in the $70s, natural gas continuing to be cheap while helping LNG markets, how the oil and gas capital spending will ride as the industry gets more cost efficient, M&A slowing down creating opportunities for oil majors, and considerable opportunities to export U.S. oil and gas while renewables are a real threat.
Based on data and analytics, ADI predicted sustained production as well as supply of cheap natural gas for the next few decades along with demand growth for natural gas exports and LNG via pipelines until 2023.
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