Big Oil’s dwindling reserves are a major problem ...News

Russia Today - Economy
Big Oil’s dwindling reserves are a major problem
source : Russia Today ( News ) () 35
The oil reserves of international oil companies have collapsed over the last 5 years, and now the stability of the entire oil market is under threat. In the coming years, the power structure of global oil markets is set for a major shakeup if the reserve life of International Oil Companies (IOCs) continues to decline. The dwindling of investments, caused by a very tough economic environment and the growth of activist investing, has resulted in a major decline in new projects and the underdevelopment of existing or prospective opportunities. Citibank warned in a recent research note that IOCs, such as Shell, Exxon, and Chevron, are look

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