Related Articles
Forward article link
Share PDF with colleagues

Industry must hold its nerve

The sector has yet to fully find its feet following the collapse of oil’s latest bull run.

The investment climate is uncertain, the markets have yet to regain equilibrium, investors and the public demand more and believe less that they once did. It is arguable that, leaving aside the dip in 2008 as the global financial crisis hit, the decade-long price surge oil enjoyed was, essentially, an anomaly. While there were economic and geopolitical factors fuelling Brent’s rise, speculation and trading-floor exuberance surely added a hefty premium, keeping prices well above $100 a barrel (/b) for far longer than realistically sustainable. So much so that now, as the markets face a surplus, it is obvious that the higher prices oil traded at between 2011 and 2014 did not - could not - acc

Also in this section
Opec and IEA bristle at Trump’s trade posturing
16 March 2018
The IEA and Opec say Trump’s trade plans are a threat to global growth
Five key takeaways from the big three oil market reports
15 March 2018
Demand and supply data still diverge, Venezuela’s increasingly critical to balances, and some macro alarm bells are starting to ring
China bets on a yuan-oil bonanza
13 March 2018
The country's long-delayed crude oil futures contract promises much, but doubts persist