Analysts: First phase in the oil upswing is in progress
A comprehensive report from SEB concludes that the oil industry is on the way up after a long period of slashing costs on a mass scale.
BY OLE ANDERSEN, SHIPPINGWATCH
The oil industry has entered the first phase of an burgeoning international recovery, conclude three oil analysts from bank SEB in a new report on the oil service industry, report several Norwegian news media including Dagens Næringsliv.
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