North America Up, Europe Down: CITI’s Examination Of Global Oil
The global energy sector is shifting more resources to North America, both to take advantage of shale reserves and to reduce some of the political risk the sector faces in the rest of the world, according to Citi’s quarterly Global Oil round-up, led by Alastair Syme and Faisel Khan. Looking at Q3 earnings for the roughly 100 energy companies that Citi covers, they found four major trends that investors need to be aware of, two of which are discussed below.
