Complex changes drive oil prices higher: Gould

KUALA LUMPUR: Balancing the needs of oil producers and consumers will be more challenging as major oil resource holders direct their attention to efficient reserves management against a background of market volatility. 

There is also an unprecedented restriction in the flow of market capital to the ownership of reserves with a new generation of Asian companies, like Petronas scouring the world for new reserves, said France-based Schumberger Ltd chairman and chief executive officer Andrew Gould.