Solutions
The State of Oil and Gas in 2021
2020 was a challenging year for many industries, and the oil and gas industry was no exception.
My goal with this webinar is to share with you the connection between commodity prices and the overall economic outlook.
Many of the recent conversations my fellow colleagues and I are having with our clients are related to inflation expectations and, more specifically, movements in commodity prices.
Because we saw the trend reversals occur in the middle and latter half of 2020, these concerns haven't come as a surprise to the team at ITR Economics. In our opinion, there couldn’t be a better time to discuss the trends and our outlooks in a webinar.
The first thing to note is that, typically, rising commodity prices and moderate inflation bode well for the general US economic outlook. Through our analysis, we know that prices of key commodities have high correlations with and often provide a forward-looking view into the future when compared to series like US Industrial Production. This does not, however, negate the challenges that accompany the ever-changing price environment, especially when it comes to corporate profitability.
My goal with this webinar is to share with you the connection between commodity prices and the overall economic outlook, as well as discuss the nuances of some of the most important commodities. We will look at leading indicators and understand the likely trajectory of prices as we navigate 2021. It is important to budget and plan with the understanding that we will likely experience higher inflation as we progress through 2021, but the outlooks do vary based on the commodity. We will discuss oil, copper, aluminum and many others. We know that 2021 is likely to present us with a whole new set of challenges, but the more we prepare, the more likely we are to prosper.
Analyst and Speaker
Check out Taylor's webinar to learn more!
