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CAPP predicts oil investment will drop by a third as prices languish
2015-01-22 06:36:37| Oil & Gas - Topix.net
The Canadian Association of Petroleum Producers is expecting oilpatch investment to drop by a third - or $23 billion - this year compared with 2014, while output is seen growing at a slower clip than previously predicted. The oil and gas industry group released an updated forecast Wednesday as crude prices continue to languish below US$50 a barrel.
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Category:Energy and Environment
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