Uncertainty is generating the “perception of risk”, according to well-known UK consultancy Douglas-Westwood (DW), after the UK’s referendum last week saw 52% of voters decide to leave the European Union (EU).
“The oil and gas sector, bruised from nearly two years of low oil prices, is bracing itself for the fallout,” said DW research director Steve Robertson this week.
The result of the vote immediately slashed the value of the UK pound to a 30-year low, triggered stock-price falls, including oil companies, and a 5% retreat of the Brent oil price to $48 per barrel.
Some
