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The oil sector is expecting a storm

2020-04-01T20:18:43.855Z


These companies are immediately affected by the drastic fall in oil prices.


Storm on the oil tanker. The collapsing barrel had the immediate effect of forcing the “majors” of black gold to announce a significant drop in their investments: 20% on average, and up to 30% for specialists in “shales”, unconventional hydrocarbons (shale gas and oil). In turn, oil companies are immediately affected by this drastic fall: they are the linchpins of major exploration-production projects, active with their equipment and engineering services in all the extraction basins of the planet.

Read also: Oil prices: a shock of variable geometry for producing countries

The specter of the years 2014-2016 is emerging on the horizon , according to Olivier Appert, advisor to the energy center of the French Institute for International Relations (Ifri). Producing countries then struggled to preserve their market share to the detriment of American producers, a preamble to a veritable shock wave for the oil and gas industry. In a few weeks, the crude had plummeted

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Source: lefigaro

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