«According to the most recent assessment, the steady oil price recovery since summer 2017 and renewed interest in growth opportunities has led to oil majors catching up in terms of exploration activity this year, both in the shale industry and offshore deep water,» OPEC said. (cnbc.com)
As the industry retreats deeper into preservation mode, we think the consequent underinvestment in production bodes well for an eventual oil price recovery. (us.beyondbullsandbears.com)
With increased netbacks, economic viability thresholds will be lower and exceeded sooner if there is a global oil price recovery. (critical-angle.net)