$17.4trn Global Upstream Investment Required By 2030 To Avoid 23m bpd Market Deficit – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million barrels per day (bpd) by 2030, if investment in the global upstream industry stops. OPEC also said that global cumulative oil-related investments of 17.4 trillion dollars are required by 2050 to meet up the energy demand….