Research and markets has announced the addition of the global octg oil country tubular goods market. Background global steel overcapacity and oil country tubular. After all, what other segments of the economy were in a position to boast performance numbers like the oil and gas industry so soon after the recession. As one of the flagship projects of the african unions agenda 2063, the african continental free trade area afcfta aims to create a single market economy to enable the free movement of goods, which may see over one billion people benefit from a. However, the current price increase should not hold for long because the real problem is demand. Background global steel overcapacity and oil country tubular goods in the aftermath of the recession, steelmakers around the globe, backed by aggressive support from their governments, have targeted the u. Octg cadmus eui research repository european university. Oil country tubular goods octg market forecast 20192029. Te 18crs1 presents an overview of the current market situation and medium term outlook to 2027 for tea. The trend is set to continue with the current surge in offshore activities and shale reserve exploratory activities. Assessing the global transport infrastructure market. Oil country tubular goods market is witnessing a high growth due to increase in the number of exploration and development activities in all the countries across the world.
One of the most alarming is imported octgs market share, now at a level last seen in 2008 at the height of the chinese pipe surge. As well as by leading countries with analysis of the leading companies in the industry. Also, strong environmental movements are often opposed to additional road space, and they often campaign for more environmental protection legislation that ultimately results in unexpected infrastructure project costs after the project started. Global octg oil country tubular goods market report. A strategic market outlook for the middle east steel industry out to 2020 a strategic market outlook for the middle east steel industry out to 2020 published 2014 enquires for this report should be addressed to. As of midyear, the import market share stood at 52. The demand for octg is driven by high exploration and production activities, growth in the proven shale reserves, and escalating investments from the oil and gas operators.
Economic outlook for southeast asia, china and india issn 23101105 print issn 231011 online. The products can also be segmented on the basis of pressure, loads and overall utilization time in a day. High volatility is not only a recent feature of the global stock market, but also the best term for the international oil price. The key factors driving the octg market is the increasing global demand for oil and gas, growth in crude oil prices, economic growth and lack of. While domestic octg shipments increased by 110% yy, imported shipments ballooned by 197%.
Steel price forecast and market outlook coronavirus outbreak to weigh on global steel markets an outbreak of a new coronavirus 2019ncov in wuhan, the capital of hubei province in mainland china, and subsequent extension of factory closures beyond the lunar new year holiday have caused a downward revision to our iron ore and steel price. However, factors such as risk associated with the cyclical nature of the tube market, depletion of limited oil and gas, environmental issues and international political and economic instability are inhibiting the market. Prnewswire the global oil country tubular goods octg market value, volume. An outlook for the global largediameter linepipe market recorded. Monthly 12page reports giving you an indepth market outlook on the global steel tube and pipe industry downloadable excel data access all the historical pricing series, current prices, forecasts and consumption data.
Korea for the comments on wiley reins particular market situation. A yearlong subscription includes 12 monthly issues in pdf format. Rising raw material costs are a global problem for steelmakers which trickles down to tube makersbuyers. The octg market is a highly competitive sector and with the upsurge in the number of. What is the outlook for the big three major exporters for the next 12 months. The primary risk to this outlook is the sensitivity to the global liquidity backdrop given a current account deficit of around 4%. Octg can be produced as seamless or welded tubes and pipes. Our recent market research report, indian skin care market outlook 2020, illustrates the current and future scenario of all the segments in indian skin care industry. However, imports are eroding the market share of malaysias own steelmakers, and the bank wasnt overly encouraged by the possibility of trade remedies to protect local suppliers. Malaysias steel sector faces gloomy outlook, analyst says. The five year outlook for the global octg industry is highly acclaimed to be the most groundbreaking, insightful and accurate market study providing independent bycountry analysis of octg supply, demand and pricing trends. The oecd development centre is committed to working alongside governments.
In terms of the macroeconomic assumptions underpinning the outlook, exchange rates are a key factor affecting the sugar market. What is octg and global octg market outlook what is the meaning of octg. Energy consumption in other parts of the world less affected by the. Energy market assessments, which provide canadians with an update on developments and key issues in energy markets related to the nebs regulatory oversight e. Market developments, outlook and key policy challenges oecd steel committee december 56, 2011 paris, france american iron and steel institute aisi35,000 committee on pipe and tube imports cpti steel manufacturers association sma specialty steel industry of north america ssina. We combine innovative technology, reliable product quality and efficient service. The trading of metals into india is likely to be severely affected by difficulties in opening letters of credit lcs now that the country is locked down to contain the spread of the novel coronavirus 2019ncov, sources told fastmarkets on wednesday march 25. Global market outlook 28 march 2016 5 investment strategy equities and high yield hy bonds have rebounded strongly over the past month. While the results of our exclusive 4q19 octg inventory yard survey cant steel you against unforeseen events, we trust it will provide some 2020 foresight to prepare you for any situation that arises in the tubular market this year gauging the fitness of the industry by measuring demand for octg throughout the entire supply chain across the. Oil country tubular goods global market outlook 20172026. Our global octg intelligence service provides you with unrivaled coverage of the market, equipping you with valuable data, insights and forecasts. Oil country tubular goods octg market forecast 20192029 forecasts by submarket, grade api, premium, application onshore, offshore and type seamless, welded. Based upon our analysis of the comments received, we. For the oil and gas industry exploration and production activities, oil country tubular goods octg are hollow steel products, which is circular crosssection.
Access to mbrs expert tube and pipe analysts speak directly to the editor to discuss. Thorough interviews with industry experts have been conducted to get the insight for current market scenario and highlight the areas offering promising possibilities for. Oil country tubular goods octg are hollow steel products of circular crosssection used in the oil and gas industry for exploration and production activities. This global market outlook is special for various reasons. Emerging markets now drive global steel consumption and consumption growth major consolidation of steelmaking assets in the americas, europe and japan. Cycle, further interrupted events, dear boy, events was how former british prime minister harold macmillan described the unpredictability of politics, and the same can be said of investment strategy. The index provides a measure of growth for the industry and includes new orders, inventory, lead time and the price outlook. Section 2 provides some factual background about the octg industry, the gatt. The present outlook reflects lukoils position regarding global hydrocarbon market longterm prospects. Octg manufacture and octg market outlook what is octg. The report oil country tubular goods octg market in north america forecast, 20122019, analyzes the octg market by types, grades, and geography. The global infectious disease diagnostic market size was usd,520 million in 2019 and is expected to hit usd 16,870 million by the end of. Global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth.
The report titled global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth, presents a comprehensive analysis octg market worldwide. Mcdonald, cfa vice president and market strategy analyst as evident from the latest flood of negative data, the coronavirus has managed to stall the oncedominant engine of economic growth. North america oil country tubular goods octg market. Oct 26 2016 52 mins james ley, roman filimonov, kim leppold. The pilot edition of the petronas activity outlook 20172019 was released. Over the forecast period, the usd is assumed to strengthen against the majority of currencies, enhancing the competitiveness of major sugar exporters on the world market, especially brazil. Trends and opportunities 20122017 analyzes the potential opportunities and significant trends in the global oil country tubular goods market.
Outlook strong for octg market, but with some bumps along the. Oil country tubular goods market report categories the global. Oct 26, 2016 an outlook for the global largediameter linepipe market recorded. New york, march 9, 2015 prnewswire executive summary the report titled global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth, presents a. Octg pricing l welded octg pricing historic and forecast out to 2016. Louisvery quickly into the economic recovery, the oil country tubular goods market drew significant interest because of its speedy return to strong growth rates. The market for oil country tubular goods octg market is expected to grow at a cagr of more than 6. This market report is a unique combination of quest offshores detailed oil and gas project database and smis indepth knowledge about the stainless and specialty steel industry. Market summary and outlook july 2011 page 2 of 8 see last page for important risk disclosures. Global market outlook september 2017 perspectives on key client questions how are your economic scenarios evolving. A strategic market outlook for the middle east steel. A noteworthy trend of this industry is fluctuating global rig count.
On the supply side, the worldsmain biodiesel exporters are on track to become significant. We have not made major changes to our economic scenarios since our outlook 2017 was released in december last year. It just says couldnt open pdf somethings keeping this pdf from opening ive tried install adobe reader to see if that helps. Octg dashboard, a snapshot of the marketplace pdf format. Responsible for the oilfield market report and the oilfield market intelligence series. The resulting surge of unfairly dumped and subsidized imports poses a serious threat to domestic. Octg market research report global forecast to 2023 mrfr. It was also fully produced inhouse by our newly established market intelligence team, who will develop more reports going forward. Steel price forecast and market outlook ihs markit. Global octg market outlook to 2018 rising level of.
The report also provides detailed analysis of the global octg market, seamless and welded octg market, drill pipes market and octg coating materials and services. Mbr presents its latest outlook for the octg industry, using its brand new interactive online database and insight from the latest 5year study. Europe, asia and north america growingnew entrants in this market. Oil country tubular goods octg is made of hollow steel with circular cross section. Development is a prime concern in countries all across the world and to develop one requires energy.
Major factors driving the market studied are the reducing supplydemand gap, the low oil breakeven prices due to the technological advancement and reduced oil services cost, and increased directional drilling. Coronavirus will change way we work and accelerate shifts to the cloud. Octg generally includes three categories of products drill pipe, casing, and tubing. Market research analysis industry indian skin care market. Market adjustments cloud outlook for octg demand through. The uptick in octg demand of late 2009, out of the downturn of 2008, was characterized by a much stronger import presence than any previous octg recovery. Metal traders rocked by lc problems in india amid lockdown. The japanese steel industry in the global steel market. Prevailing conditions the north american and mena regions remain the strongest markets for octg but competition in these markets continues to weigh on prices 0 50 100 150 200 250 nov 10 mar 11 jul 11 nov 11 mar 12 jul 12 nov 12 mar jul nov row turkey latin america other asia south korea us erw octg imports 000t. Deep water exploration expected to stimulate octg market research and markets. Jan 08, 2019 oil and country tubular goods are production and exploration activities on offshore as well as onshore reserves. Global business and financial news, stock quotes, and market data and analysis. Pwc assessing the global transport infrastructure market.
Moving from a highlevel view of the industry to the octg market in particular, the past several years have seen advancements in drilling techniques and equipment that have affected dramatically the amount of pipe buried by a drilling rig. Ensure you have the outlook data you need to manage your resources efficiently. Update and outlook kimberly h leppold senior metals analyst metal bulletin researchamm research. One of the most alarming is imported octg s market share, now at a level last seen in 2008 at the height of the chinese pipe surge. World oil country tubular goods octg market outlook to 2024.
Since i downloaded the windows update septoctober 2016 and outlook. However, there are some growth hindering factors in the market including rising brent oil prices and environmental issues. The production of oil and gas requires various kind of octg, by product seamless and erw, and by grade api and premium. The opinions expressed herein are those of morningstar investment services, are as of the date written and are subject to chan ge without notice, do not constitute. The analysis shows that the key factors affecting the oil pipe market include the global oil distribution, the global demand for oil pipe, and the growth trend of crude oil prices. Oil country tubular goods market growth, trends, and. The financial markets outlook the global economy is caught between two major headwinds. Global octg intelligence service analytics database our global octg intelligence service provides you with unrivaled coverage of the market, equipping you with valuable data, insights and forecasts.
The independent provider of indepth analysis and forecasts for the global tube and pipe industry monthly 12page reports giving you an indepth market outlook on the global steel tube and pipe industry downloadable excel data access all the historical pricing series, current prices, forecasts and consumption data. How new seamless mills in the region could change a market that for now is still overwhelmingly focused on imports will the chinese manage to break significantly into the octg market in 2011. Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and. Information transparency on market activity outlook is essential and we believe this will help rebalance market dynamics and support industries like investments and financing crucial components in promoting a thriving oil and gas ecosystem.
Outlook strong for octg market, but with some bumps along. Real problem for steel industry is demand for long products. Responsible for our pipelogix octg and line pipe division. The figure below discusses the oil country tubular goods market share, based on regions, as of 20. The analysis is based on data received by the secretariat from member countries, supplemented by data from other sources, including faostat and the. Our multiasset income allocation has been the top performer from among our a. If anything, the outlook has slightly improved, with. Market adjustments cloud outlook for octg demand through 2016.
Apr 18, 2019 global octg oil country tubular goods market. Such analysis is prepared by the company on a regular. By publishing such outlook we hope that it will help to clarify the current situation on the oil and gas market and. Oil country tubular goods market report categories the. Most of octg is seamless pipes, but welded pipes are also accounted for considerable proportion.
1665 831 403 598 688 1127 789 1023 741 630 216 225 83 118 1627 1127 592 1120 845 198 1506 867 1006 730 846 616 648 504 944 500 449 628 424 26 53 794 1060 1028 840 65 350 455 993 296 1348