Oil sector – Drilling deeper: It’s the demand, stupid
May 25, 2015 | BNP Paribas | Data highlights that there is more pain to come for Drillers for the foreseeable future…and the opportunity for further offshore deflation for E&Ps and Majors.
May 25, 2015 | BNP Paribas | Data highlights that there is more pain to come for Drillers for the foreseeable future…and the opportunity for further offshore deflation for E&Ps and Majors.
LONDON | By Kieran Davies at Barclays | Australia’s largest mining boom on record is in its final stage, with mining investment starting to fall at a faster rate and mining exports start to lift rapidly as supply comes on stream. These trends have seen the current account deficit narrow to 1.4% of GDP, the smallest shortfall since 1980, although we expect the current account to remain in deficit as a massive increase in the supply of commodities over the next few years pushes export prices lower.