Norway’s oil companies reduced their exploration-spending forecast for next year by 35 percent from the previous quarter’s estimate, and foresee a “sharp decline” in the number of offshore wells, Statistics Norway said.
One hundred and fifty-one years after the birth of Henri de Toulouse-Lautrec, and today is unfortunately shaping up to be anything but a pretty picture. The oil market is being boosted by geopolitical tension, as Turkey has shot down a Russian war plane which was apparently over Turkish airspace. As conjecture swirls as to whether […]
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