Oil prices rebounded from last week’s losses as the market seemed to shrug off fears of Chinese lockdowns, with demand strength across the Atlantic overshadowing COVID-related concerns.
It is assumed President Biden’s $1 trillion infrastructure bill will boost oil product demand and lift US economic performance in the short-to-mid term, providing much-needed support for prices.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.