| From Zawya.com: Profitability and cash flow generation across the global integrated oil and gas industry appear to have bottomed out, helped by the recent recovery in oil prices and easing in industry costs, Moody's Investors Service said in a new industry outlook entitled "Integrated Oil Bottoms Out as Demand Growth Resumes."
The improving global demand conditions supported by a gradual economic upturn are expected to underpin the recent recovery in oil prices and upstream results going into 2010...................................Full Article: Source
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