The southbound oil price has put massive pressure on the oil majors' incentive to invest in the past six months across the whole sector.
A total of 22 large-scale projects and a combined seven billion barrels of oil, BOE (Barrels of Oil Equivalent), have been put on hold since July 1st 2015, writes analyst agency Wood Mackenzie in a new report.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app