The latest report on the outlook for the oil industry from bankers Goldman Sachs makes salutary reading

Bankers Goldman Sachs’ latest report recommends that the oil industry cut its costs by at least a fifth and adds that uneconomic projects need to be abandoned. Cash-strapped firms may need to sell their better projects onto rivals with a stronger balance sheet. Cost-cutting Goldman’s estimate that costs across the industry need to be slashed […]

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