Southern Cone energy markets outlook highlights 2016
In the 2016 update of Southern Cone markets we analyse how the end of the commodity cycle has negatively impacted economic growth and energy demand. We have taken into consideration the deep political changes that have occurred, particularly in Argentina and Brazil, and have adjusted supply and demand forecasts to reflect these developments. The last two years have brought painful adjustments and transitions for most of the region. Nonetheless, we believe that long-term prospects remain supportive of demand growth, albeit at a slower pace than previously expected.