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Deep Water Drillers Are Doomed Even If Oil Prices Surge - Seeking Alpha
Reuters | Deep Water Drillers Are Doomed Even If Oil Prices Surge Seeking Alpha The short-term impact of OPEC flooding the market with oil in 2014-16 was to crush oil prices. The long-term impact, when combined with impending EV penetration, was to destroy deep-water investment by the oil majors and banks. Companies levered to ... Despite weak oil prices, OPEC still pockets more dollars Crude stockpiles increase slightly; oil rises Oil Climbs on Report of Decline in US Gasoline Stockpiles |
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