ShippingWatch

Oil companies' upturn expected to spread slowly to drilling

Oil companies are headed for recovery thanks to rising oil prices, but their appetite for new investments is restrained. As a result, the troubled drilling sector must exercise patience as it waits for activity levels to improve, two stock analysts tell ShippingWatch.

Photo: Carsten Rehder/AP/Ritzau Scanpix

In spite of increasing demand for oil and gas, which is boosting oil companies' revenue, drilling outfits are unlikely to pull away from the long-standing stagnation until sometime in this autumn.

In an interview with ShippingWatch, two stock market analysts conclude that oil companies will be hesitant to invest in new production as oil and gas market forecasts remain uncertain.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs