Upstream investments to flow on positive credit outlook

WITH oil prices forecast to remain over $US90 a barrel over the next 12-18 months, upstream investments in oil and gas could see an upswing as companies generate record cash flows on the back of high oil prices and non-core asset sales.

Upstream investments to flow on positive credit outlook Upstream investments to flow on positive credit outlook Upstream investments to flow on positive credit outlook Upstream investments to flow on positive credit outlook Upstream investments to flow on positive credit outlook

The continued discontent in the Middle East and North Africa, coupled with unprecedented growth in non-OECD energy consumption, has created the perfect storm, with oil prices peaking since 2008.

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