Chart of the week: oilfield finds fall to 60-year low

The world’s energy companies found only 174 new oil and gas fields last year, a 60-year low, compared to an annual average of 400-500 in the years leading up to 2013.

832-COTW

The world's energy companies found only 174 new oil and gas fields last year, a 60-year low, compared to an annual average of 400-500 in the years leading up to 2013, say Ed Crooks and Andrew Ward on FT.com.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.