Big-oil investors shouldn’t pay too much attention to alarming headlines from the Middle East.
The killing of Iranian general Qassem Soleimani sent oil prices up, as did Iran’s retaliatory missile attacks against U.S. bases in Iraq on Wednesday. But geopolitical tensions probably haven’t risen far enough to shift long-term price expectations. Big petroleum producers are still likely to write billions of dollars off the value of their oil and gas assets this year.
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January 08, 2020 at 08:51PM
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Big Oil’s Big Write-downs - Wall Street Journal
"oil" - Google News
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