Helping America Navigate a New Energy Reality

Saudi Arabia’s vice minister of petroleum and mineral resources on the state of the global oil industry

By on 28 Dec 2015 in quotes

“Around $200 billion of investments in energy have been canceled this year, with energy companies planning to cut another 3 to 8 percent from their investments next year. This is the first time since the mid-1980s that the oil and gas industry will have cut investment in two consecutive years.”

Prince Abdulaziz bin Salman al Saud, Saudi Arabia’s vice minister of petroleum and mineral resources

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