Good news for Oil & Gas: forecasts for the second half of 2021 are decidedly positive

An even more positive outlook for the Oil & Gas sector for the second half of 2021

There is good news for the Oil & Gas sector: according to data collected by OPEC – the organisation comprising some of the most important oil-exporting countries – not only will 2021 be a much more favourable year than the previous one, but the second half of the year will even see a significant and continuous increase in the daily demand for barrels

This is a real improvement for all those involved in an area severely affected by the effects of the pandemic and its economic consequences. Although we still have to take into account the difficulties that industries strongly linked to Oil & Gas, such as tourism and transport, are still facing today, OPEC has revised its growth forecasts from 4.8% to 5.1%, a nice increase that bodes well for the future.

Oil & Gas sector still strong despite a difficult 2020

There is no denying that the aftermath of the crisis in the early part of 2020 and the global repercussions of the pandemic are still being felt today; however, the fact that an authoritative organisation such as OPEC recognises a positive trend and a steady improvement from month to month could be the right push to restart with renewed energy

Furthermore, the decisions taken in recent months by OPEC+ countries to prevent what happened in 2020 from happening again are definitely having many clear benefits for the entire sector

Oil & Gas sector: time to look to the future with many new projects

For those involved in the Oil & Gas sector, therefore, these months represent the best opportunity in a long time to get back into the game with many new projects, and companies like QOC Solutions are already ready to take on the challenges that will be presented to them. 

With its state-of-the-art industrial quick opening closures, QOC Solutions is the ideal partner to bring innovative plants to life. Our highly engineered products are, not surprisingly, in demand all over the world for their quality and safety, and have been included in major projects in the petrochemical industry for years. 

After all, not many companies like QOC Solutions are able to design, build, and then market such high-tech products as quick opening closures, so it is only natural that our expertise is appreciated in the international market. 

Visit our official blog to keep up to date with our progress and find out more about the vast and interesting world of industrial quick opening closures.