Oil Industry Braces for Glut and Investor Demands ...Middle East

OILPRICE - Economy
Oil Industry Braces for Glut and Investor Demands
source : OILPRICE ( Middle East ) () 60
The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns, and long-term investments in the sustainability of the business—while navigating a hypothetical glut. The warning comes from Wood Mackenzie, which said in a new report that the industry was faced with conflicting trends over the next year that would make decision-making challenging. Among these is an expectation that the market would tip into an oversupply, pressuring prices, while the demand outlook for oil over the long term…

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