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2020 wipes US$1.6 trillion from upstream industry: WoodMac

ANALYSIS from Wood Mackenzie shows the oil price crash in March has wiped out US$1.6 trillion off the valuation of the global upstream industry.

Mark Tilly
Capex cuts in line with expectations

Capex cuts in line with expectations

"This figure captures the impact of Wood Mackenzie's downgraded long-term Brent price assumption - now US$50/bbl (2020 terms), rather than the previous US$60/bbl - and much more," Wood Mackenzie upstream...

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