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Large cuts in oil industry investment to continue in 2016 - IEA

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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