Commodity and oil prices top of sector’s worry list – not Brexit

24 June 2016

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Jon Clark, EMEIA Oil & Gas Transactions Leader, comments: “While the industry will have to adjust to a new reality, it is the future levels of commodity and oil prices that top the sector’s worry list, not Brexit. The majority of UK Oil & Gas firms already operate not just within the EU but on a global level. The impact on the sector as a result from the UK leaving the EU, will not become visible overnight and will primarily stem from the regulatory side. The industry has so far been following European wide regulation on health and safety and recruitment issues, which will now have to be reviewed.”