Project Spending in 2018 Expected to Rise Slightly for North American Oil and Refining Industries

SUGAR LAND-- October 31, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Project spending in the North American crude oil Production, Pipelines and Terminals industries is expected to hold steady or rise slightly in 2018 when compared with 2017. But it could be driven even higher--or decline--depending on several variables, mainly global demand and prices for crude oil, Chris Paschall, Industrial Info's vice president of global research for the Oil & Gas and Petroleum Refining industries, told an audience of about 500 attendees at Industrial Info's 2018 Industrial market Outlook event held in Baton Rouge, Louisiana, October 12.

Within this article: Details on where oil demand and prices are expected to go over the next few years, with insights on how the pipeline and refining industries will be affected.