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Intelligence for energy companies seeking a data-driven approach to cost management

EMEA Oil & Gas Downstream Cost Inflation Trends – Q3 2022

November 11, 2022 at 11:45 AM / by Wood Mackenzie Supply Chain

A recessionary outlook for the global economy, sanctions on Russia and the follow-on impacts as the world emerges from the COVID-19 pandemic continue to reverberate through the downstream sector. As policies and economies have adapted to the volatility, there has been an easing in the cost of some items in Q3, the high-case scenario of Wood Mackenzie Supply Chain’s Q3 inflation report indicates that volatility will linger in Q4 across key items, such as carbon steel pipe, rotating equipment, and bulk chemicals.

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