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ending, down US$290bn or 42% from 2014 to 2016, in response to the low price environment. Should capex start to increase again in 2017, the effect on non-OPEC non-shale production is unlikely to be felt before 2020 at the earliest. Most of the decline in the short term comes from non- conventional output in the
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Pierce, Fenner & Smith Incorporated
Organization1 docs1 co-mentions
Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service
1 docs1 co-mentions
Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
1 docs1 co-mentions
The Financial Service Board
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Merrill Lynch International
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Merrill Lynch Equities (Australia) Limited
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the Australian Securities and Investments Commission
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the Hong Kong Securities and Futures Commission
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Merrill Lynch Canada Inc
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the Investment Industry Regulatory Organization of Canada
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Merrill Lynch Argentina SA
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the Financial Services Agency
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the Securities and Futures Bureau
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DSP Merrill Lynch Limited
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the Securities and Exchange Board of India
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the Dubai Financial Services Authority
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Comisién Nacional del Mercado De Valores
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Bank of America Merrill Lynch Banco Multiplo S.A.
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Comissdo de Valores Mobiliarios
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Merrill Lynch KSA Company
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