Following the slight upturn begun in 2017 after two years of significant decline, global exploration-production (E&P) investments have fallen again in 2019, dropping 1% compared to 2018 according to figures provided by Rystad Energy.
Oil prices, having soared to over $70/b at the start of 2019, fell back after May to levels of between 60 and $65/b. They briefly climbed back to the $70/b mark at the end of the year on the back of geopolitical tensions
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