Between Covid-19 and the Russia / Saudi Arabia fight, the short-term prospects for oil prices are not great. But what happens after the pandemic passes, demand picks up and Saudis stop pumping as if there was no tomorrow?
Last Friday, Brent closed at US$33.85 by our accounting the lowest weekly closing value since February 2016. Logic and the data suggest things will not get better quickly. The question we focus on here is how companies will react and whether they will be successful.