In the February 2025 edition of the ADI newsletter, we noted how the oil market faced potential oversupply due to strong non-OPEC production. In contrast, the U.S. midstream sector was poised for growth, driven by increasing hydrocarbon exports and the development of new infrastructure.
Global LNG prices were expected to rise due to strong demand, particularly in Asia. However, global refiners anticipated a challenging year marked by weak demand and excess capacity. Meanwhile, the chemical industry projected a recovery in 2025, fueled by economic growth and investments in specialty chemicals and sustainability.
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