Industry outlook for the oil and gas industry 2018

1: Industry confidence rises sharply

Green shoots

Our research confirms that confidence in the industry has doubled since last year, increasing much faster than the oil price.

After three tough years, confidence in industry growth has risen globally from 32% in 2017 to 63% for 2018. Europe has the most improved outlook for the oil and gas sector, while the trend is less distinct in North America.
Confidence and Control, our report on the outlook for the oil and gas industry in 2018, explores the factors driving this renewed optimism, the types of companies and regions where confidence is highest and lowest, and industry opinion on whether the oil price is now high enough for the entire value chain to succeed.