MARKETS

Cautious optimism ahead

WOOD Mackenzie believes Gorgon and Wheatstone operator Chevron Corporation and Inpex’s Ichthys partner Total’s spending to gradually reduce now that they’re winding down their capital intensive construction phases, amid the analyst’s cautious optimism for 2017.

Anthony Barich

While upstream companies may also be quietly optimistic about 2017 as oil prices gradually trend upwards, many are still cautious, although Wood Mackenzie expects many oilers to reveal more bullish spending...

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