
Accelerating the Energy Transition Episode 3 | Oystein Kalleklev, CEO, Flex LNG
SmarterMarkets™
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Oil Prices
The industry always goes through ups and downs. The low prices tend to attract a lot of buyers, lot of new buyers come on. Takes a long time to bring on projects. And so we've seen these sort of ebbs and flows before where we've been over supplied and then undersupply. But it's not very far from under supply to over supply. If certainly, you need one million barrels per day more for the air line industry, prices will pick up. Certainly. If there is some short fall, prices will go down.
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