Though current oil prices are still far from their peak of four years ago, Russian drillers are having best start to the year since 2015. And the key reason for that is the relatively-weak national currency. Stocks in Russian energy companies have started the year with impressive growth thanks to increased prices for crude futures […]
Tag: drillers
The oil majors might be in better shape than US shale drillers
Andrew Burton/Getty Images For much of the past three years, the oil majors have struggled to adapt to the new reality of low oil prices, while at the same time, their smaller and nimbler rivals deftly pivoted to the ebbs and flows of oil price movements. Big Oil, it has been said, was ill-equipped to […]