A gradual increase in oil prices has brought cautious optimism among producers and will likely lead to a 5% increase in drilling activity next year, an energy industry association reported. The Petroleum Services Association of Canada said it expects oil companies to drill 7,900 wells next year, up from 7,550 in 2017. As a result, 2018 will be the busiest year for drillers since world oil prices plunged in 2014. The PSAC based its......
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