6 days ago
Oil Investments to Fall 6% on Lower Demand and Prices, IEA Says
Global oil investments are expected to drop 6% in 2025, in the first such decline in a decade excluding the year of the Covid slump, according to the International Energy Agency.
'This decline in oil investment is driven by the economic uncertainties, the lower demand expectations, and lower prices,' IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. The drop is mostly the result of a 'sharp decline in spending on US tight oil,' according to the report.
