What will prompt Gulf energy companies to merge post-pandemic?

Worldwide lockdowns, shrinking demand and a supply glut have sent shockwaves through the oil & gas sector, plus oil-reliant economies in the Middle East.

Oil prices have made historic slides this year, and in April, US futures crashed below zero for the first time.

OPEC, Russia and allies agreed on June 6th to extend record oil production cuts until the end of July, according to Reuters.

This move prolongs a deal…

Source link

About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free