14/06/23 -"Is there a wrecking ball?"
The iterative and sensational cuts by OPEC+ did not stop the downward trend in oil prices, yet are they helping with the group’s ambition to manage the market? Albeit a difficult question to tackle, we are faced with certain new realities: unstable/uncertain demand, recession worries, and central banks continuing to take a toll on oil and gas prices as well as on equities. As the market becomes more volatile and difficult to navigate, what does the short-term and long-term picture look like for O&G investors? Is “valuation at stake” or will there be more opportunities?
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