Eastern Med: Companies Feel the Impact of Declining Oil Prices

The decline in global oil prices continues to weigh on oil and gas companies. Despite modest gains, analysts seem to agree that triple-digit prices are not expected on the short to medium terms, bar a major catastrophe. This has forced companies to consider certain measures, such as cutting down their budget, abandoning costly projects, selling assets or even mergers.

 The prospects for upstream activity in the East Mediterranean is not particularly favorable. 

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#شركات النفط #أسعار #أحوال السوق #oil companies #prices #market conditions