Tag: Low oil Price

MN Solution Space – March 2017

MN SolutionSpace is an occasional newsletter to keep you updated on MN Solutions. As well as highlighting what we do, I hope it may in a small way entertain, inform and provoke new thoughts. What price low oil price? The current oil price slump has lasted more than 2 years. The optimists claim there are small signs of recovery, but not all companies agree. Brent oil price Predictable responses The response to persistent low oil prices is predictable. In companies, first come cost saving initiatives, then budget cuts, including putting major capital projects on hold and eventually staff cuts. Opec members, if they are willing to toe the line, will eventually announce production cuts to bolster prices. Cost saving initiatives… Read more »