RE: Q1 results12 May 2025 11:58
Falling interest rates are good for any economy, and likely to see business and oil use grow. Not only that, this pays over 12% yield compared to a max yield from savings of only 4%. The dividend looks solid, even at these low oil prices.
The US / China agreement is now pushing up oil price, because of expected greater oil demand by those economies.
A good day for the O&G sector, and an excellent day to present great results.
GLA