Oil and gas outlook: Sinking deeper

By Kasia Patel
Published: Friday, 29 July 2016

Some oil and gas industry participants have pointed to the recent uptick in oil prices and rig count as signs of a recovery, however, DW has predicted a turnaround is unlikely before 2018.

 oil rig jerry and pat donaho
Additional onshore and offshore oil and gas supply is expected to come online in 2017 and hinder an oil price recovery (Source: Jerry and Pat Donaho)

A turnaround in oil and gas industry investments is unlikely to materialise before 2018, according...