May 21:
There is good news for the oil & gas industry going ahead, at least for the next five years 8Oil demand growth will be robust till 2023 8This demand is going to be lead by the sharp increase in global petrochemical industry 8The counter-balance is that output will exceed this rise in demand at least up to 2020 8The market however is in a near balance situation 8Supply disruptions will cause sharp spikes in prices, as spare capacity shrinks 8At any rate it will be difficult for prices to slow down anytime soon. Click on Reports for more