Don’t be fooled: The oil price has changed for a generation

Chris Taylor, Investment Director & Head of Research at Neptune

The oil price has more than halved over the past 18 months. Many market participants assume this is a temporary phenomenon. We believe they are wrong. Our analysis of the changes taking place in the real world suggests the oil industry is adapting to life with an oil price that will not return to its old equilibrium for a decade or two.

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