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Where the Next Oil Sector Profits Will Be Made (It's Not What You Think)
We now have another indication that the oil pricing environment is causing a constriction in forward project commitments: Two more oil majors recently announced that they will cut capital spending.
These two announcements are the tip of a much bigger iceberg. The curtailment of future project commitments is just one of the results of low prices.
We now have another indication that the oil pricing environment is causing a constriction in forward project commitments: Two more oil majors recently announced that they will cut capital spending.
These two announcements are the tip of a much bigger iceberg. The curtailment of future project commitments is just one of the results of low prices.