IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market
Green Car Congress
APRIL 27, 2017
This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. In 2016, only 13% of all conventional resources sanctioned were offshore, compared with more than 40% on average between 2000 and 2015.
Let's personalize your content