Oil majors reverse decade of stalled growth to beat supply crunch fears

Oil majors reverse decade of stalled growth to beat supply crunch fears – Business Insider

“The oil price slump since 2014 has prompted the world’s biggest oil firms to drastically cut costs but also to force contractors to make projects more efficient and extract the same amount of barrels for fewer dollars.

As a result, most majors are now planning exceptionally strong production growth until at least 2021, a Reuters analysis of the latest investor presentation and corporate plans showed.”

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