For much of the last decade through 2014, the U.S. energy sector experienced a sustained bull market driven by large-scale capital spending in emerging unconventional plays and supported by elevated commodity prices. This wave of E&P capex drove a buildout of midstream infrastructure and retrofitting of downstream capacity to accommodate the influx of U.S. crude, leading to a boom in the E&C and services industries as well. Since the 2014 decline in commodity prices, U.S. service providers are adapting to a still strong midstream and downstream investment environment that now prioritizes repair and maintenance over new buildouts. 

Highlights include:

  •           U.S. Crude Oil Production Outlook
  •           Sector Updates: Last 12 Months in Review
  •           Capital Spending Trends
  •           Current State of the Storage Market

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