Low oil prices cripple economy

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    A worker welds a section of an under construction petrol pipeline
    The impact on the oil and gas sector has been dramatic. A study released in June by energy consultancy Wood Mackenzie found that companies have deferred an eye-watering $200bn of capital spending, affecting 46 major oil and gas projects worldwide. The report identified two principal reasons for the deferrals. First, companies are seeking to free […]