IEA warns rising costs needed to maintain global oil supply
Photo: IEA/Facebook
Global investment in oil and gas has averaged around $550 billion annually since 2019, but nearly 90% of that spending is directed at replacing output lost from declining fields rather than boosting supply, according to the International Energy Agency (IEA).
Access to paid information is limited
If You already have a account, please log in
Subscription to paid content
Gain access to all that Trend has to offer, as well as to premium, licensed content via subscription or direct purchase through a credit card.
