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Wood Mackenzie: Low desire for risks in the oil sector

The lower oil price puts a damper on desire to invest in the oil sector, shows a survey performed by Wood Mackenzie among 170 companies active in the sector, reports E24.

Photo: /ritzau/AP/Andrew Milligan/

Willingness to take on risks through new investments remains very low in the oil sector, reports Norwegian media E24 citing a survey performed by Wood Mackenzie among 170 companies operating in the sector.

"The industry is very cautious right now, and the appetite to take on risks is very low," says chief analyst Martin Kelly of Wood Mackenzie in a press release about the new report.

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