MARKETS

Falling exploration spend poses major economic risk

DESPITE prolonged cost-cutting by the energy industry, the latest estimates from the Australian Bureau of Statistics show a continued downward trend in petroleum exploration spending.

Sally Bogle

Malcolm Roberts

Seasonally-adjusted data for total exploration expenditure showed that for the last quarter of 2017, total petroleum exploration expenditure fell 13.2% to A$254.3 million quarter-on-quarter, compared...

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