Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Oil firms adapting to ride out the storm, says E&Y oil expert

Tabrez Khan, director oil & gas transactions at Ernst & Young, says oil companies are starting to base their strategies on a modest price recovery and not a sudden uptick.

Khan, who advises companies buying or selling assets, says there is still big gaps between price expectations across the sector, but companies are now readjusting in a bid toride out the storm.

A barrel of Brent crude currently trades at US$43. In July 2014, the price stood at US$110.

 
Meet Grit Real Estate Income Group Ltd, Kogi Iron Ltd, Ethernity Networks Ltd and Advanced Blast & Ballistic Systems Ltd at our event, London , 15 November 2018. Register here »
View full PROAC profile View Profile

Proactiveinvestors Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use