Oil Price

The oil price has more than doubled since January 2016 and has stabilised well above USD 50/bbl.

Oil Price

Source: Pareto Securities Report, “Analysis of certain assertions made by Halom”, 27 October 2017

Consensus is that this stability should provide oil and gas companies with the confidence to invest in exploration and production after a two year hiatus.

Pareto Securities E&P Survey, August 2017

Source: Pareto Securities E&P Survey, August 2017