Reuters | Quest for new oil discoveries still on back burner - Reuters Reuters Despite the strongest start for oil prices in four years, the world's top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. Global hunt for new oil to slow even amid market boom New report predicts 2018 oil exploration spending will drop Oil Exploration Spending To Fall As Prices Near 3-Year High |