Oil’s tumble leaves majors in need of a new pitch to investors

Quick Summary:

The impact of weak refining margins and, potentially, lower trading gains from less volatile flows, comes on top of that.

That leaves oil majors looking at prices which might well average $10-$15 per barrel less than they did in 2023.

Such slivers of demand growth are easily filled by new oil coming on stream in Brazil and Guyana and other non-Opec producers.

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Article Details

Category: MarketsFinanceInvesting

Markets: United StatesBrazilChinaGuyana

Topics: Growth Flows Financial Majors Barrel Buybacks Price Global Cash Leaves Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 11:00:44 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22528867

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