Survey Flags Confidence, Concerns of Industry Top Brass

摘要

The oil industry’s confidence operating in a $50-plus oil price environment is palpable, and benchmark Brent’s recent break above $60 per barrel has only further bolstered this sentiment. It was tough to find an oil executive in 2016 who was willing to provide a clear line of sight on plans that extended beyond the next year or two, with most preoccupied with having to fund yawning budget gaps or freeze as many major strategic investments as possible to keep capital spending flexible.