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Oil investments for USD 200 billion shelved

The oil price is sliding again and is now down to about USD 55 per barrel. This is poison to the energy companies' investments, as the companies have, according to a new assessment, shelved projects for no less than USD 200 billion.

Photo: Gazprom

Not that many months ago, commodity analysts estimated that energy companies around the world had shelved investment projects for about USD 120 billion in total, as the projects were no longer financially viable.

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