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Tag Archives: $50 a barrel

Most major conventional oil projects at risk at $50 oil price: WoodMac

Most major conventional oil projects are at risk of cancellation or deferral if global prices remain at $50 a barrel, consultancy Wood Mackenzie said in a report. Global upstream and exploration spending has already dropped by more than $1 trillion since the start of the oil price slump in mid-2014, the consultancy previously found, as cash-strapped oil companies tightened their ...

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