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Oil & Gas Outlook 2017: A New Regulatory and Fiscal Approach

Oil & Gas Outlook 2017: A New Regulatory and Fiscal Approach

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Next year is expected to see the long-awaited rebalancing of the global oil market. Attempts by OPEC member countries to end the pumping craze that led to the collapse in prices in mid-2014, together with the projected drop next year in unconventional oil production in the US, could mark a turning point. There is thus a sense of moderate optimism in Latin America, although there will be marked differences according to the realities of each country. New governments and regulatory changes could have the biggest impact on the industry in Latin America in 2017.

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