Is now the right time to refine the industry?
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It’s a question that has industry experts — and industry watchers — searching for answers. Supply is up, demand is down, and it appears that some of the conditions that created crude’s rapid price slump in late 2014 could remain in place for some time. Of course, the oil and gas business is no stranger to the market’s ups and downs. The boom and bust cycle is one that industry veterans know all too well.
But this time around, many are questioning the conventional wisdom that US$50 to US$60 per barrel is an aberration and that crude prices will soon return to the US$80 to US$100 per barrel range. In other words, is a world where oil is plentiful — and relatively inexpensive — the new normal?
Our latest insights
The industry has changed rapidly over the past two years. The window to join the club of the integrated service providers is open, for now.
Imagine a snake in a drain, wriggling up and down but unable to escape. That’s how we see the oil movements in 2017.
EY’s Andy Brogan discusses OPEC’s fairly robust response to the oversupplied oil market.
As companies struggle with dropping oil prices, private equity firms look at the oil and gas sector with renewed interest as the industry continues to transform.
A rapid decline in commodity prices was a wake-up call for oil and gas. If there was ever a time for transformation, it is now.
As shale producers in the US confront persistent low oil prices, the US shale industry is entering a new era.
Parthenon-EY's Vance Scott explains how he is assessing the potential winners and losers in a market shakeout.
Veteran energy investors share their perspectives on creating value amid commodity price volatility.
Join us as we discuss the oil price outlook, implications of the OPEC meeting announcements and how the industry can remain resilient in this volatile environment.
Is a world where oil is plentiful and relatively inexpensive the new normal? Read our report focusing on resilience in a time of volatility.
To thrive in an era of resource abundance, companies must seize opportunities to develop strategies that produce real value and sustainable cost management.
Today’s shale leaders need to combine the flexibility of an entrepreneur with the discipline and support structure of a market leader.