Outlook Stabilising, But Remains Uncertain - Oil Well Cement Use Facing Multi-Decade Lows on Plummeting Well Drilling Activity

摘要

The oil industry is undergoing its worst contraction in decades and the drop in rig counts is expected to continue until prices stabilise. Even so, the demand for the specialty oil well cement is expected to stabilise into the coming year and show a modest recovery in the near future. The CW Research's World Oil Well Cement Markets & Outlook analyses the global market, providing a forecast from 2016 to 2020.