Market Dynamics

• Declining investments in Oil and gas explorations will further affect the growth in the market over the forecast period to 2026.
• Increasing environmental concerns will impact the industry in the long term. After the 2016 Paris agreement, World Bank announced it would no longer finance upstream oil & gas after 2019.
• The upstream market is highly regulated and impacted by global politics.
• Neither Nuclear nor solar nor wind has made oil & gas unnecessary. So only oil & gas price fluctuations in the global market are what matter.