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Global energy spending to soar this year

 Last Update: 2022-05-18
 Source: Internet
 Author: User

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Soaring oil, gas and electricity prices, combined with the European Union's reduced reliance on Russian supplies and the impact of the new crown pneumonia epidemic, will see global energy spending soar to 2.

According to Rystad's research, oil and gas producers around the world are actively increasing their investment budgets to increase production due to the global energy shortage caused by the Russian-Ukrainian conflict

Broken down by sub-sector, the energy sector is still dominated by oil, spending $658 billion, up 16%, and producing 99.

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