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Goldman Sachs: Oil Revenues Increase, But Oil Industry Investment Is Facing Shortage
May 02, 2018

On April 26, Shell and Total announced that their earnings were higher than expected. Although oil prices have recovered, the oil giants have gained revenue, but according to the joint head of the European securities research department of Goldman Sachs, the oil industry is entering a “shrinking period”, mainly in the investment field. Prior to this, due to the low oil price, the oil industry’s investment was mainly focused on short-term projects, such as the related projects of shale oil, only a few big oil giants have invested in long-term projects, which will lead to a lag in oil production in the next few years, and the oil market will become tighter by 2020.

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