In These New Times

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More than $150 billion of oil projects face the axe in 2015

Posted by seumasach on December 6, 2014

Reuters

5th December, 2014

(Reuters) – Global oil and gas exploration projects worth more than $150 billion (£95.9 billion) are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.

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