Watching for signs of a wild ride in the energy & petrochemicals industry
On March 27, 2017, Steve Zinger provided a keynote presentation at a recent industry event in San Antonio, Texas. The meeting was attended by over 2700 chemical industry managers and executives from around the world. The presentation discussed five key signs that will cause volatility in the energy and petrochemical industry over the next five years: crude oil markets, petrochemical feedstocks, china's demand and investment prospects, trade patterns, and technology developments.
Turmoil in the Canadian energy patch will spill over from 2018 into 2019. Continued production growth of both oil sands and natural gas has encountered infrastructure constraints that will need years, not months, to correct and alleviate. Many issues coming to head in 2019 will be pivotal for the long term viability of Canada's upstream industry. We highlight five themes that will be key to watch. Politics, company deal making, exploration and global LNG all feature.