Global oil spending drops 1trn

That's a significant drop! According to recent reports, global oil spending has indeed declined by a staggering $1 trillion. This is a major shift in the energy landscape, and it's likely to have far-reaching implications for the industry and the global economy.

Can you tell me more about what you're looking for? Are you interested in knowing the reasons behind this decline, or perhaps the potential impact on oil-producing countries and companies? Or maybe you're curious about how this might affect the global economy and energy markets?