The precipitous drop in oil prices that began in June 2014 has caused turmoil in global markets and has led to an unprecedented level of uncertainty going into 2015, especially for the prospects of the North American upstream oil and gas sector. Although there is a lack of consensus about when oil prices will stabilize and at what level, Wood Mackenzie is confident in our expectation for service cost relief, asset high-grading, and efficiency improvements in operations.
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Insight | Jan 2015
North American Upstream: what to look for in 2015
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