We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Starvation diet

20 June 2016 By Kevin Allison

Drastic spending cuts mean the global industry will struggle to extract enough new crude to make up for declining older wells. But draining reserves is normal in a downturn. Rising prices and, for many companies, more renewable energy should eventually restore the balance.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)