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.
BY TOMAS KRISTIANSEN
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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