A Crude Awakening: Plummeting Price of Oil Fuels Profound Market Shifts
By Jeremy Webb, Partner & Robert Turner, Director, PwC (UK)
At the end of 2014 and into early 2015, the sharp decline in the oil price was daily news. While there has been some recent respite from the price falls that were being recorded, this article explores how the new lower price will impact companies in the sector in the short and medium terms....
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Robert Turner is a director in PwC’s Oil & Gas Advisory team in the United Kingdom. He is experienced in analyzing strategies and risks related to oil markets and investments, including deep experience in analyzing refining and marketing opportunities. Turner has advised on a number of market entry reviews, valuations, and divestment and acquisition processes in Europe and other global markets.
Jeremy Webb is a partner in PwC’s London restructuring practice. He has focused on large, complex, and cross-border restructuring work for more than 15 years. He is experienced in a range of industries, but has worked extensively in the financial services arena in recent years to help management teams develop new business plans to present to stakeholders. Webb also has experience in insolvency procedures outside of the UK.