Saudi Arabia’s surprise January 2021 one million barrel per day production cut has sparked a sense of bullishness over the outlook for crude oil. The international Brent benchmark price has soared 25% since the start of 2021, sparking considerable bullishness over the outlook for crude oil and energy companies. Substantially higher oil prices, coupled with a renewed sense of optimism in the wake of the devastating fallout from the COVID-19 pandemic, have seen oil companies across the globe bolster investment for 2021. One jurisdiction attracting…
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