(EnergyAsia, September 30, Wednesday) — Fears of an oil supply crunch next decade are being fanned anew by a new study showing the rising cost of finding and developing new oil just as upstream companies are reporting a drop in their crude reserves despite an increase in exploration spending. The study by US research firm…
MARKET: Study shows rising cost of new oil find and declining reserves despite increased spending
Posted on September 29, 2009 by EnergyAsia