Brent 67 - not a bad day for webinar, page-4

why is it going higher - a few reasons that may impact
1 a year or two of under investment
2 many oil companies divesting from oil and trying to move to renewables or gas , therefore less supply
3 banks not readily lending to oil companies - fewer projects get go ahead or they are developed at slower rate
4 fewer instos allowed to invest in oil - less capital available through equity issues

thus the demand / supply balance likely to tip into under supply medium term


as the MD said , many bigger oil companies divesting with opportunities on offer getting much better