Nordea: Oil price may be headed back down below 50
For those living off of investments from energy companies, yesterday was not a good day. Statoil will not take a stand on new giant fields such as Johan Castberg until 2016. And Nordea cannot rule out that the oil price will decline to between 40-50 dollars again.
BY TOMAS KRISTIANSEN
A price of less than USD 50 for a barrel of oil from the North Sea is not something the world has seen since the record-low level in January this year. But according to oil analyst Thina Saltvedt from Nordea Markets, one can no longer rule out the possibility of the price sliding back down to a level in the 40s, she says in a comment to Norwegian newspaper Stavanger Aftenblad.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Statoil looking to trim costs further
For subscribers
BP in deficit following Deepwater settlement
For subscribers
Oil investments for USD 200 billion shelved
For subscribers
.jpg&w=384&q=75)
