Bain uses cookies to improve functionality and performance of this site. More information can be found in our Privacy Policy. By continuing to browse this site, you consent to the use of cookies.

We have limited Portuguese content available. View Portuguese content.

The Globe and Mail

Russia's much-needed oil price bump unlikely to come any time soon

Russia's much-needed oil price bump unlikely to come any time soon

  • junho 18, 2015
  • min read

The Globe and Mail

Russia's much-needed oil price bump unlikely to come any time soon

At the St. Petersburg International Economic Forum (SPIEF), Peter Parry, the leader of Bain & Company's Oil & Gas practice, said industry capital spending is down 20% or more over a year. He said the reduced spending means 1 million to 1.5 million barrels a day of capacity will not be built every year. "Over time, it leads to a significant reduction in capacity," he said.