The Rapid Rise Of National Oil Companies ...Middle East

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The Rapid Rise Of National Oil Companies
source : OILPRICE ( Middle East ) () 15
The world oil markets are facing a perfect storm which eventually could lead to structural economic and geopolitical changes. While Covid-19 has decimated markets and slashed profits, climate awareness and a green restart are gaining momentum in most developed countries. While it remains uncertain how demand will develop over the next few decades, it is becoming more likely that the traditional economic ‘power balance’ between international and national oil companies will change. Before the oil crisis of 1973, Western oil companies…

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