Global oil demand in 2022 is expected to be 99.7 million barrels per day (mb/d), up by 2.1 mb/d from 2021
Norwegian oil firm Statoil has cut back on planned investments as annual profits were slashed in half in the wake of tumbling oil prices and heavy write-downs.
The company reported annual profits of 21.9 billion kroner ($2.9bn) for 2014 compared with 39.9 billion kroner the year before and announce
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