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Big oil producers to cut investment again in 2016

International oil companies are being forced to cut spending, sell assets, shed jobs, delay projects

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With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors.

London

WITH crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors.

At around US$37 a barrel, crude prices are well below

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