Oil and gas markets to tighten on lack of upstream spending

Stubbornly low investment in upstream oil & gas The upstream industry has struggled to boost spending over the years. According to IEA data, annual investment in upstream oil and gas peaked at around $780b in 2014. Since then, the highest annual spending we have seen was in 2019, which amounted to around $483b, just 62% … Continue reading Oil and gas markets to tighten on lack of upstream spending