And it's not great for consumersĪs usual, good news for oil companies is bad news for oil consumers – even if it's not currently visible from prices at the pump. The impact on markets will play out for years, Croft predicts. "They believe, over the medium term, that they are in a very strong position in the market, that shale companies do have to respond to shareholders who do ask for capital discipline," says Helima Croft, global head of commodity strategy at RBC Capital Markets, who was in Vienna for the OPEC+ meeting. In fact, Saudi Arabia announced yet another voluntary cut in production over the weekend, while some other members of OPEC+ extended their own voluntary cuts. Business Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump
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