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Category: Oilcrash

Oil price recovery on the way, panel says, but pace will be slow

July 01, 2015 Posted by Chris Wysong

By: Jordan Blum A panel of oil and gas analysts said Tuesday that oil prices will slowly begin to rise through the rest of 2015, while energy mergers and acquisitions could also increase. In a webcast, the panel of experts from financial services giant Ernst Young said that the energy sector is expected to rebound, albeit at a sluggish pace, after several months of unrest following the collapse in oil prices that began last fall. However, they argued that geopolitical turmoil and other variables could easily throw things into flux and cause prices to spike or plummet. Andy Brogan, EY global oil and gas transactions leader, said the industry is starting to come out of a transactions hiatus after waiting for oil prices to settle, during which times companies reassessed their plans. Were going to see [mergers and acquisitions] volumes gradually and then very rapidly going up, Brogan said. Were moving into an opportunity-rich environment for acquirers. Colin Fenton, a fellow at Columbia

Posted in , Crudeoil, Oilcrash, Crudecrash
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