Industry gossip- Trends to watch out for in 2020
2019-10-28
2019-10-28
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GlobalData produced its latest report recently, identifying the key trends, organizations and influencers in the oil and gas industry. Here is a brief roundup of the major findings of this report.



The 10 Biggest Industry Influencers

  • 10. Jesse Jenkins, associated with the Harvard Kennedy School, is a champion of change in the commentary on oil industry issues.
  • 9. Lee Saks is a major trader in oil futures and is politically influential with more than 21,000 online followers.
  • 8. Ernest Scheyder, energy correspondent with Reuters has less than 8,000 followers but is a prominent voice in the news.
  • 7. Jennifer Dlouhy of Bloomberg regularly reports on energy policy matters and enjoys an online following of 25,000.
  • 6. Herman Wang, writes for Platts and is an expert in OPEC issues. With a following of 10,000, he is touted as the next big voice in the oil industry among the top 10 industry influencers and organisations 2019.
  • 5. Lisa Ward is a big name in the financial industry and is a known commentator on oil and gas issues.
  • 4. Ed Crooks writes on oil issues for Financial Times and has been in the industry for more than 2 decades. His Twitter followers exceed 36,000.
  • 3. Samir Madani has 26,000 followers and is the founder of the Organization of Oil-Trading Tweeters.
  • 2. Dr Anas Alhajji is a prominent economist and prolific writer. He has 30,000 followers on Twitter and has been quoted numerously on literature.
  • 1. In first place is Giovanni Staunovo who is a commodities analyst from Switzerland. Enjoying more than 10,000 online followers, he is a prolific tweeter on oil and gas issues.


Top10 Biggest Organisations The Industry Looks Up To

  • 10. Glencore is a non-US private company that is also featured on Fortune 500’s list. Despite having mining operations, there are signs that it will play a major role in the oil and gas industry.
  • 9. OPEC continues to be a major player, despite experiencing a 30-year low in productivity.
  • 8. Brazils’ Petrobras operates throughout the supply chain as well as alternative energy. Its value is rising rapidly and may emerge as a star on the horizon.
  • 7. ConocovPhillips is the biggest exploration company in terms of reserves. Currently, it is adversely affected by declining share values, but it could perform better in future.
  • 6. UAE’s ADNOC sits over the largest reserves in the world and is the 12th biggest global oil producer, producing 3 million barrels daily.
  • 5. The US Department of Energy is influential in oil policymaking. Some overhauls in its structure are expected in the coming months.
  • 4. China National Petroleum Corporation is probably the most powerful state oil company, however, it needs to increase its online visibility to climb higher among the ranks of influential companies.
  • 3. ExxonMobil is stated as the biggest oil company globally and also one of the most influential ones.
  • 2. The Energy Information Administration is closely allied to the US government which gives it a lot of influence in the oil industry.
  • 1. The IEA is currently the most powerful organisation in the industry, having a say in the oil policies of most producing nations.


The 10 Biggest Industry Trends

  • 10. Supply issues enjoy the greatest attention by industry leaders in 2019. Iran and Venezuela are the major areas of concerns, while Qatar also remains a major worry since leaving the OPEC.
  • 9. The role of online influencers as well as white papers about the projections of the industry.
  • 8. Energy policies, particularly, changes in regulation policies due to environmental and other concerns can affect the growth of the industry. Some regions may be granted more autonomy than others. Brexit may affect oil exploration in the North Sea which is another area of concern.
  • 7. Sustainable sources will enjoy more attention the coming year, especially the drive towards LNG substitution for traditional fuels. China is expected to be at the forefront of this trend as it increases imports of LNG while reducing reliance on coal.
  • 6. In addition to OPEC productivity, reduced supply seems to be a major concern with uncertainty in Iran and Saudi Arabia. However, despite the fact that output remains sufficient on a general level, individual members like Russia may have a spoiler effect by threatening oil supply.
  • 5. Oil prices are expected to rise considerably due to Middle East tensions and recent sanctions placed by the Trump regime. Further volatility in oil prices can be expected in the coming year.
  • 4. Until recently, fracking was a major issue in the US and UK as a means to reduce reliance on imported oil. However, subsequent bans reduced its attractiveness. It still has an uncertain future as things stand today.
  • 3. Along with supply, oil demand is a critical issue. By the beginning of 2019, the US was the largest crude oil consumer, with China in second place. Demand continues to increase and shows no signs of slowing down, despite concerns of another recession around the corner.
  • 2. The energy transition is a recent phenomenon that affects fuel use in a region. Increased use of solar, hydro and nuclear energy may reduce the composition of different countries’ energy sources.
  • 1. Maintaining adequate oil inventories will be another major issue, given the fluctuation in oil supplies and prices. Currently, countries are forced to maintain high inventory levels but it is expected these will rationalize in the near future.

GlobalData produced its latest report recently, identifying the key trends, organizations and influencers in the oil and gas industry. Here is a brief roundup of the major findings of this report.

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