Saudi Aramco Says Global Oil Buffers May Vanish When Demand Recovers - 20 septembrie 2022
Saudi Aramco said a lack of investment in fossil fuels was to blame for the global energy crisis and warned that spare production capacity in the oil market might be wiped out once economies rebound. Oil and gas investments slumped from $700 billion in 2014 to $300 billion in 2021, according to Nasser, with increases this year being “too little, too late.” Crude climbed above $125 a barrel in the wake of Russia’s invasion of Ukraine, though its since dropped to $90, while European gas prices hit record highs.