14 days ago • Posted by Martin Boujol
Big oil is becoming smaller
Exxon Mobil recently to get out of a big oil field in Iraq, but even though the Iraqi government tried to find a new buyer, nobody seems interested. Should they sell to China or buy back the parcel themselves? In any case, this is but only one example of what is becoming of the big oil market, which seems to increasingly get smaller.
Source: International Energy Agency, Bloomberg