What Does Brexit Mean For UK Oil & Gas?

The London stock market, the British pound and the European populace, in general, were buoyed by rumors emerging about London and Brussels closing in on a comprehensive Brexit deal that would allow the UK to leave the European Union on October 31, one hour before midnight. Brexit’s impact on the oil sector is yet to be assessed properly, but so far it seems that the ramifications would only be relatively minor – some trading companies might want to relocate to Geneva, following the footsteps of several investment banks which have downsized…