With informal OPEC talks scheduled to take place in Algeria later this month, early comments from member countries signal that measures to "restore stability and order to the oil market" will be the focus of the discussions.
US expanded sanctions in relation to the Russian energy industry. This in substance involves participating or assisting with new energy projects, the most notable one being North Stream 2, a parallel pipeline for additional Russian exports to Germany with a an additional projected capacity of 55 billion cubic meters.
If the last few months of 2016 were characterized by cautious optimism, then the first few months of 2017 can be characterized as a small sigh of relief as all signals point toward a slow but steady recovery for the US oil and gas industry. Forecasted capital spending is on the rise for 2017.
This year’s conference features an outstanding program examining industry opportunities, debating the future of U.S. and world markets, and collaborating on ways to succeed in the new energy landscape.