Oil giants in tough balancing act despite promising upturn
The appetite for investments in new production remains muted among oil companies. Despite significant improvements in the first quarter, a Clarksons Platou analyst expects the oil industry to focus on pampering its shareholders and only invest very cautiously.
Oil companies are on the road to recovery thanks to rising oil prices, but their appetite for new investments is restrained. As a result, the troubled drilling sector must exercise patience as it waits for activity levels to improve, two stock market analysts tell ShippingWatch.
Even though the OEM has done a fine job handling Covid-19, according to Vestas' CEO, the outbreak that's still affecting the Ringkøbing factory has provided insights on what happens when anti-contagion protocols slacken.