3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch
Green Car Congress
JUNE 1, 2016
Statoil says that global capex is set to fall for two years in a row, and is on track to fall for a third year in 2017 as more spending cuts are likely. It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. When they go down, SUVs are back in style.
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