EFTA Document EFTA01367336

31 May 2015 Integrated Oil US Integrated Oils Setting the stage for the next oil price spike? While current reductions to budgets may have limited impact to near-term production across much of the sector, it will certainly have a dramatic impact on long-term crude supply, with a crunch likely later this decade (2018-2020) as the impact of project deferrals takes a bite out of incremental crude supply. A quick look at global project FIDs helps put the matter into perspective. Between 200