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Oil prices | Have we seen a turning point?

Patrick Lawlor talks to Andrew Shard, Head of International Equity Research at Investec Wealth & Investment UK, who explains the self-correcting nature of oil and how low prices stimulate new demand and reduce returns, making high cost projects unprofitable and leading to supply cuts. There is evidence that this is happening now: capex has been cut more than in any prior down-cycle, which could lead to a fall in supply and the stabilisation of prices.
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Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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