Oil Investment: Is the peak behind of ahead of us?

CERAWeek Podcast with Atul Arya
24/08/2022 26 min
Oil Investment: Is the peak behind of ahead of us?

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Episode Synopsis

Investment in new oil supply was $700 billion in 2014 but spending has been well below since. Global refining capacity also declined in 2020 & 2021. Has upstream and downstream investment reached a peak? Will future spending pay off for investors?

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