"United States Oil & Gas Report Q3 2014" Published
Fast Market Research recommends "United States Oil & Gas Report Q3 2014" from Business Monitor International, now available
[USPRwire, Wed Jul 16 2014] Robust unconventional and offshore production is set to buoy US crude oil growth substantially . The robust production story has also fed through to the US' downstream sector. Indeed, while we do not foresee the US ending its crude oil imports in the coming years, with rising liquids production and a ban on crude exports, this will encourage greater refined product output - especially diesel and liquefied petroleum gases. W e are somewhat less sanguine on the country's gas production, at least in the short term, forecasting a more moderate growth trend. Indeed, while the severe weather in the first months of 2014 ha s seen Henry Hub prices rally, we believe the fundamental short-term nature of this move may not be sufficient to draw in a substantial uptick in capex. However, although for now we believe that E&P companies will prefer to channel capital expenditures toward liquids rich play s, by 2016/17 increased LNG export capacity and a growing petrochemical industry will begin to put more constant upward pressure on gas prices, reviving production growth.
The main trends and developments we highlight in the US oil and gas sector are:
* According to our forecasts, the boom in US unconventional production is set to combine with higher output from the Gulf of Mexico (GoM) to boost liquids production from 11.2mn barrels per day (b/d) in 2013 to 12.0mn b/d in 2014. We expect the strong liquids production growth will continue over the coming years, such that by 2018, we anticipate that total liquids output will have hit 13.5mn b/d. While gains will continue over the course of our forecast period, we expect the growth rate may slow somewhat toward the latter part of our forecast period, such that we anticipate output of 14.4mn b/d in 2023.
* Consumption patterns in the US have gone through a structural shift over the past four years towards much greater fuel economy and efficiency. Indeed, we expect that demand for motor gasoline, comprising...
The United States Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for United States including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's United States Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the American oil and gas industry.
Key Benefits
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
