Hydrocarbon Processing forecasts nearly $340 B in total HPI spending in 2016

摘要

Over the past year and a half, the world has witnessed a dramatic fall in crude oil prices. By early November, both Brent and West Texas Intermediate crude prices had fallen from around $ 110/bbl to $48/bbl and $46/bbl, respectively. With such an immense price impact to the upstream sector of the industry what has that meant to the downstream sector over the past year? And what does the future look like for downstream project growth? These were some of the questions that Hydrocarbon Processing editors tackled at the 42nd Annual Hydrocarbon Processing Forecast Breakfast. The forecast presentation provided attendees an insight into major trends affecting the downstream hydrocarbon processing industry (HPI). This included a forecast on capital, maintenance and operating expenditures for the petrochemical, refining and natural gas/LNG industries in 2016.