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Newsletter: Oil & Offshore - Market update

Since the dramatic downturn in the oil price bottomed out early 2016, the oil price has slowly re- gained previous levels and reached in the second quarter of 2018 its highest level since November 2014. The increase in the oil price, combined with the considerable cost reduction achieved within the industry during the downturn, has led to an increased activity level within most segments of the oil and offshore industry.

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