Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch

By Tyler Durden, By Tsvetana Paraskova of OilPrice.com, Upstream oil and gas investment must rise to the pre-pandemic levels of around $525 billion per year through the end of the decade so that the industry can ensure a demand-supply balance, Saudi Arabia-based International Energy Forum (IEF) and IHS Markit said in a new report this week. This year, upstream […]

The post Oil Investment Must Rise To $525 Billion Per Year To Avoid Supply Crunch appeared first on Global Intel Hub.

Leave a Reply

Your email address will not be published. Required fields are marked *