Deloitte: Downstream, chemicals are ‘bright spots’ in industry outlook

A majority of oil, gas, and chemicals executives are confident in the industry’s continued recovery and expect the price of West Texas Intermediate crude to average $70/bbl or more in 2020, according to a recently released survey conducted by Deloitte. While in the 2018 Oil, Gas & Chemicals Executive survey—released Oct. 30—72% of executives held this view, upstream executives appear less certain about the recovery’s sustainability than those in the midstream, downstream, and chemicals businesses.



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