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Monthly Global Upstream Review - Capital Expenditure Forecast Continues Decline

The global upstream industry is expected to witness a relatively low production increase with an average rate of 1% over the next four years, from 57,161 mmboe in 2016 to 59,210 mmboe by 2020.The average capital expenditure spending is expected to decrease from about US$190,976 million in 2016 to US$94,125 million in 2020. For more information: http://bit.ly/1PHi8oy

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