What industry leaders expect for 2015 ///

The year 2014 has been a period of not only great profitability for the global upstream industry but also a time of considerable volatility. After remaining consistently above $95/bbl for the first eight months of the year, the spot price for WTI crude at Cushing, Okla., began slipping in early September. That decline continued steadily through November, reaching a level below $75/bbl. Similarly, the Brent spot price fell from a $115/bbl high in the summer to a low of $77/bbl in late November.

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