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Big oil to cut investment again in 2016
2016-01-03 14:41:35| Oil & Gas - Topix.net
With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. International oil companies are once again being forced to cut spending, sell assets, shed jobs and delay projects as the oil slump shows no sign of recovery.
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Category:Energy and Environment
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