Global oil sector will shift to up-cycle in 2018

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Global oil sector will shift to up-cycle in 2018

10 December 2017, Houston — The global oil and gas sector will shift from downcycle to upcycle in 2018, according to a new report from BMI Research. “Oil prices reached their nadir in 2016 and have averaged c.20 percent higher on an annual average basis in 2017,” the report said. “However, the recovery in price …

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