National oil companies could be early winners on the road to ‘net zero’

IEA roadmap poses big strategic opportunity for those sitting on the cheapest barrels

Oil-rich nations face an historic opportunity to seize market share as the world strives to pivot away from crude. State-owned oil companies can either string out supply while rivals fall by the wayside, or race to get their resources to market before it’s too late. Either way, those sitting on the cheapest barrels face fewer risks to monetising their r…