The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
DNV, a technical adviser to the energy industry, surveyed 791 senior professionals from firms with annual revenue...
The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on concerns about global economic growth.
Further out, the IMF predicted oil prices would also average...