Discussing the outlook for oil and gas in 2018, ADI Analytics chief executive officer Uday Turaga said he believes that “natural gas supply will continue to be abundant and cheap, driven by declining well costs and rising share of price-inelastic gas.”
Turaga, addressing delegates at the 2018 ADI Natural Gas and NGL Forum held recently in Houston, Texas, also shared other key insights including the expectation that oil growth will be supported by emerging markets, but carbon limits and infrastructure limits will drive both crude and fuel exports. He stated that ADI research indicates that producers with OPEC are “best positioned” suppliers of oil, with oil prices likely to be determined by “the pace of drilling in the United States.”
Please read this article in its entirety in the April issue of BIC Magazine.
