OPEC: Energy industry spending to decline

OPEC: Energy industry spending to decline Vienna (UPI) May 13, 2016 - Global spending in exploration and production over the next two years is expected to be about half what it was between 2012 and 2014, OPEC said in a monthly report. In February, when crude oil prices were hovering around $30 per barrel, a review from the U.S. Energy Information Administration found 2015 investments in the energy industry declined in the United States by more than 30 per ... more

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