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01 December 2021 How analysts view Q3 2021 oil and gas sector developments The third quarter of 2021 was a good one to be in the oil and gas business. Crude oil, natural gas and LNG prices were at or above where they were before the COVID-19 pandemic and in the case of LNG, way above. OPEC+ supply discipline continued in the face of demands from government leaders to increase production and give consumers price relief. And, as we come to the end of the year, there’s a heightened sense of confidence that market strength is sustainable and oil and gas can be profitable in the near and medium terms. An EY article provides details. Document ID: 2021-6304 |
