International Energy Agency chief economist speaking in Budapest
- Oil industry cut over €100bn in investment spending in 2015, sees similar cuts this year
- Fall in investment to have a meaningful impact on the production outlook
- Iranian oil production will rise after sanctions lift but will remain under countries geological potential
- Chinese oil demand slowing but it's still sizeable growth
Reuters with the comments
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
