C&P: Oil and Natural Gas and the Impact on Upstream Drilling and Completion Activity
Crude oil and natural gas prices and the impact on upstream drilling and completion activity.
Low crude oil and natural gas prices, combined with a tight credit market, are having an impact on upstream spending and drilling activity. The potential for the commodity markets to tighten in the medium term is discussed as fewer wells drilled and lower production will result in lower supply growth. Longer term, what is the outlook for natural gas and crude oil prices and what variable are we watching?
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