IEA Says Spending in U.S. Shale Drives Global Oil Investment Recovery

11 Jul 2017   IEA, Shale Oil

Global investments in oil and gas fields are likely to rebound modestly this year thanks to a sharp uptick in spending by U.S. shale producers, the International Energy Agency said in a report Tuesday. The 3% increase in fossil-fuel development foreseen by the IEA in 2017 represents a positive note for an industry that went through the longest period of retrenchment on spending in half a century after the oil-price crash…

Tags:

Comments are closed.