COLUMN | Concept and execution, part one of two: DEME's purchase of Havfram and how it puts pressure on its competitors [Offshore Accounts]

On both occasions, the oil price fell below that fateful US$60 level and a wave of contract cancellations, rate reduction negotiations, redundancies, and bankruptcies followed.

For now, the bullet has been dodged… until the next turn of the screw. After the 90-day pause in the tariffs above 10 per cent for every country except China was announced, and most laptops, games consoles and iPhones were exempted from the so-called reciprocal tariffs, even if made in China, oil once again sits pretty in the mid US$60s.