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Exploration

As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said, “The price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s

Oil prices have plunged following the collapse of the OPEC/non-OPEC talks on production cuts and Saudi Arabia’s subsequent announcement that it will increase production from next month

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