Global

Expensive endgame: Oil prices will rise in energy transition, good for oil EMs

  • International oil companies’ green shift will constrain supply, potentially boosting prices, helping oil-producing EMs

  • New owners will reduce costs and extend production, but unlikely to invest in new projects, although demand may rise

  • With new projects off the cards, oil-rich EMs can hike oil production taxes without fear of losing future investment

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July 24th, 2021
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