Why Oil Companies Must Look Beyond Oil To Survive

Why Oil Companies Must Look Beyond Oil To Survive

 

Persistently low oil prices have had a devastating effect on the economies of all major oil producers/exporters who are accustomed to a price regime of over $100/b. The lifting of sanctions on Iran and its ability to quickly ramp up to pre-sanction (2012) levels of production and exports has made the market even more liquid and exerted downward pressure on oil prices. Read More…

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