The downstream energy market has seen its first significant decrease in capacity since 2001, due to continuing losses and the unprofitability of related sectors such as power, mining, and renewables, according to a report by Willis Towers Watson.
The global broking giant’s Energy Market Review 2019 outlines that market capacity appears to be fluctuating, with a marginal increase in the upstream market (from US$7.75 billion to US$8.11 billion) but also the first decrease in the downstream market (from US$6.81 billion to US$6.25 billion) since the aftermath of the 9/11 tragedy.
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