POLICY

Oil profit to hit new high but moves from Washington could halve that

ONLY a year after the oil price first crashed, sending shockwaves around the world, many onshore US producers and related service companies went into Chapter 11. Now, prices are driving all time cash flow highs via US onshore benchmark price West Texas Intermediate.

Oil profit to hit new high but moves from Washington could halve that

Rystad Energy finds that if WTI futures stay at $60 per barrel this year producers will see pre-hedge profit of $195 billion, creating a new record after 2019's bumper year. However hedging losses...

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