Growing demand to increase upstream oil & gas investment needs 22% by 2030

Riyadh, saudi arabia , june 5, 2024 /prnewswire/ -- annual upstream oil and gas capital expenditures will need to rise by 22 percent by 2030 to ensure adequate supplies due to growing demand and cost inflation, according to a new report by the international energy forum and s&p global commodity insights. a cumulative $4.3 trillion in new investments will be needed between 2025 and 2030, according to the "upstream oil and gas investment outlook" report published today.
SPGI Ratings Summary
SPGI Quant Ranking