OIL

Oilers bullish on 2016

GLOBAL exploration and production spending will dip below $US600 billion ($A776.7 billion) this year for the first time since 2011, but oil executives say spending will pick up, along with oil prices, next year.

Oilers bullish on 2016

These were the key findings from Evercore's Mid-Year Global E&P Spending Outlook, where most survey participants said they expected capex spend to drop by 20.2% this year to about $490 billion. This...

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