Oil Price Fluctuations and Success of Shale Gas Shift Global Market Dynamics

摘要

SANTA CLARA, CA - The global oil and gas market is currently witnessing a dynamic shift in the trade flow of many refinery products. While the dip in crude oil prices is forcing major suppliers to look toward diversifying their oil and gas portfolios to include refinery products and petrochemicals, the success of shale gas and oil in the U.S. has created self-sufficiency and is pushing the market toward increased exports.