LONDON -- For over a hundred years the oil sector has been characterised by cycles of boom and bust: low prices eventually lead to higher prices as underinvestment and rising consumption catches up with the industry.
Uncertainties abound in industry used to perpetual growth as peak oil looms
Crude is languishing near $40 a barrel in 2020, less than half the price six years ago. © Reuters
LONDON -- For over a hundred years the oil sector has been characterised by cycles of boom and bust: low prices eventually lead to higher prices as underinvestment and rising consumption catches up with the industry.