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02 Jan
18:39

O&G pipe demand to grow through 2022

Demand for oil and natural gas pipe in the US is forecast to grow 11% annually to $15.4 billion in 2022. This follows severe declines during the 2012-2017 period, according to a just-released study by industrial research firm The Freedonia Group. Growth will be driven by an expected increase in drilling activity, as oil prices continue to recover from 2016 lows, Kallanish understands. Increased well completion in key fields like the Perm…
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