9 January 2015. The oil price plunge will force energy companies will slash capital spending in North America, Europe and Asia in 2015. But investment will continue to rise in Africa and the Middle East as producers in those areas seek to boost long-term output in the flooded global oil market.

BUSINESS INSIDER

http://www.businessinsider.com/afp-price-fall-to-push-oil-industry-into-sharp-recession-2015-1

More info: Factbox: Latest U.S. bankruptcies by oil and gas companies

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