"2017-19 is likely to see the largest increase in mega projects' production in history, as the record 2011-13 capex commitment yields fruit," the U.S.
OPEC's landmark decision to limit output for the first time in eight years in a bid to arrest the existing supply glut reduced price volatility and increased stability, unintentionally helping the shale producers, the bank said.
OPEC is likely to weigh the risk of long-term market share loss against the benefit of stability before taking a call on extending production curbs, with the industry expected to bring "onstream a multi-year pipeline of giant developments that tails off only by 2020," Goldman said.
LAPA, Brazil Brazilian authorities on Tuesday began scouring meat plants closed after a probe into corruption by health inspectors and the alleged sale of rotten products, as Hong Kong dealt a blow to the world's top beef and poultry exporter with an import ban.
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