EUROPE

Counting the downturn's cost

YET another report has calculated the cost of the oil rout, warning that since July 2015 there has been a 58% increase in the number of major projects shelved internationally valued at $US230 billion ($A324 billion).

The latest report from Norwegian firm Rystad Energy shows that total resources delayed are up 30% and capital expenditure delayed is up 38%, with 63 developments now being left on the shelf, and that could...

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