Analyst sees oil companies' investment willingness as "historic" but not surprising

Strict capital discipline, low upstream investments and sharper focus characterize the global oil sector – and will continue to do so, deems Woodmac analyst Erik Mielke.

Photo: Jim Tanner/Reuters/Ritzau Scanpix

It's historic but unsurprising.

That's how Erik Mielke, Senior Vice President and Global Head of Corporate Research at Wood Mackenzie, sees the willingness to invest – or lack thereof – among the world's oil and gas companies.

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