MRO Magazine

Research and Markets: Global Impact and Implications of Low Crude Oil Prices – Top 10 Things Chemical Companies Should Know


May 8, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/cv7htq/global_impact_and) has announced the addition of the “Global Impact and Implications of Low Crude Oil Prices” report to their offering.

This research service offers an overview of the impact and implications of low crude oil prices across developed and emerging economies. It discusses the effects on upstream projects, refining, petrochemicals, polymers, specialty chemicals, biofuels, end-user applications, and gross domestic product of select countries. It provides a list of the top 10 things chemical companies should know, and examines how select companies have been and will be affected.

With government structural reforms expected in the short term, net oil importers China, India, and South Africa will be able to boost domestic production and consumption because of lower oil prices. This will help drive their competitiveness in the global market as well.

Japan’s domestic consumption is expected to be steady, with an expected increase in exports as overseas economies improve.

Specialty chemicals catering to the automotive and construction industries are expected to gain due to lower oil prices.

Renewable energy opportunities will continue to flourish in Europe and North America because this space is driven more by policies and subsidies than shifts in crude oil prices alone. For instance, solar panels are becoming a significant and cheaper source of electricity in some regions of the United States because of tax credits.

With oil production driving the resurgence in the US economy in the past few years, sustained low prices even in the short term are expected to negatively affect exploration and production (E&P). Domestic consumption, however, will increase as consumer spending power improves, driving transportation and residential usage.

Key Topics Covered:

1. Executive Summary

2. Crude Oil

3. Upstream

4. Refining

5. Petrochemicals

6. Polymers

7. Specialty Chemicals

8. Biofuels

9. End-user Industries

10. GDP

11. Conclusions and Implications

For more information visit http://www.researchandmarkets.com/research/cv7htq/global_impact_and

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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