The oil and gas industry could be looking forward to an investment boost next year if Opec production cuts drive oil prices above $55 per barrel, according to consultancy Wood Mackenzie.
The UK-based research group said the outlook for next year is “positive for the first time since the downturn”.
"Most oil and gas companies will start 2017 on a firmer footing, having halved cash flow breakevens to survive the past two years.
