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Oil Industry Profitability Under Pressure
With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline. Early signals from the peer group of majors support this trend, as they indicate plans to prioritize shareholder returns—particularly dividends and buybacks—over new investments. While it…
Oil prices in early Asian transactions, affected by the supply-and-demand imbalance after the OPEC+ Group's increased production and continuing concerns about global economic prospects due to tariff tension, have declined. Burnt's future contracts have fallen five cents, or 0.1 percent, to $65.58 per barrel, while West Texas's American broker's ore has dropped nine cents, or 0.1 percent, to $63.32.
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