GEAB 187
Oil: Beware of upheavals
Much of our issue is about change and reinvention. The international oil market is also affected by this trend. Prices are falling, mainly due to weak growth in China. This trend is structural, as China adapts to a new growth model, aware that it will not regain the same economic dynamic as in the previous two decades. Big Oil’s traditional practice of generously remunerating its shareholders is increasingly incompatible with a falling share price, which is likely to lead to greater indebtedness. As a result, the sector risks becoming permanently less profitable.
Gas: Watch out for bubbles Login
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