IEA – large cuts in oil industry investment to continue in 2016

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The paris based International Energy Agency (IEA) economist, while speaking in Budapest, said the oil industry cut over €100bn in investment spending in 2015 and the drop is likely to continue in 2016.

    Key quotes

    Chinese oil demand slowing but it's still sizeable growth

    Iranian oil production will rise after sanctions lift but will remain under countries geological potential

    Fall in investment to have a meaningful impact on the production outlook
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