The global oil and gas industry is experiencing one of the most severe downturns in 30 years. A perfect storm of overproduction, geopolitical tensions and the long-term move towards alternative energy sources (renewables) has caused oil prices to fall to levels that are often below the long-term break-even cost of production.
Although the oil price is currently well above the low point of below US$30 per barrel seen in January 2016, the long awaited rebound in the oil price has failed to materialise. Many commentators now doubt that it ever will. That means, medium-term, the industry could be in trouble – unless it can change tack.
However, the fact remains that the oil and gas industry has produced some of the largest companies in the history of capitalism and the sector forms a giant pillar of the global economy. This month I ask: Whither the oil majors in the age of renewables?
by Zak Mir | Trading| 1 mins. to read Like many of its contemporaries in the mining-minnows space, it has taken a while for Bushveld Minerals (LON:BMN) to catch up with the bullishness of the giants of its sector since the beginning of last year
CeBIT, the world's largest event for digital business, is partnering with the UK's premier organiser of events for private investors. As a first step, Master Investor Ltd., which owns and operates the annual flagship investor event, 'Master Investor Show', will take part in CeBIT between 20-24 March 2017.
by Zak Mir | Trading | 1 mins. to read One of the golden rules of investment is that you should understand the businesses you are invested in. Even after interviewing Bos Global (LON:BOS), I am not 100% sure that I understand the technology.
by Nick Sudbury | Funds | 5 mins. to read RIT Capital Partners (LON:RCP), the highly regarded investment trust chaired by Lord Rothschild, has recently released its annual results for 2016 and confirmed that it is maintaining its defensive positioning.
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