Rising oil price boosts oil companies with billions

The rising oil price has left oil companies with more money than budgeted, shows a new poll from Pareto. This will increase investment appetite and is especially good news for two types of sub-suppliers.

by CHRISTIAN CARLSEN

The boom in the oil price over the past few years has bolstered oil companies with billions of US dollars more than the companies had budgeted, according to a poll carried out by brokerage firm Pareto of 40 oil companies, reports Norwegian business daily Dagens Næringsliv.

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