Why decrease in oil prices is not good news for companies in the sector

Why decrease in oil prices is not good news for companies in the sector
Why decrease in oil prices is not good news for companies in the sector

Decryption – The companies will have to manage with the contradictory injunctions of the American president, which wants more investments and price reductions.

« We will again be a rich nation », Thanks to oil and gas from American basements, said Donald Trump in his inauguration speech on January 20, raising thunderous applause in the crowd. The reception reserved for him by his audience in Davos four days later, after similar comments, was more reserved. Besides, his now famous « Drill, baby, drill »(“Fore, Chéri, Fore”) was not followed by an avalanche of investment announcements and new projects. The world of raw materials is not that of artificial intelligence: here, no Stargate project at $ 500 billion, but companies that have eyes riveted on oil and gas prices, and a horizon that is counts in decades rather than months.

Very ephemeral decrease in prices

Donald Trump's price for the price of the barrel of petroleum of oil have nevertheless borne fruit, with a WTI course, the American reference …

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