He warned that insufficient investment in oil and gas threatens global energy security, calling for $17.4 trillion in capital investment over the next 25 years to meet demand and avoid market volatility. Al Ghais praised Canada’s recent production gains, particularly after the Trans Mountain pipeline expansion, and noted Alberta’s ambition to double oil and gas output by 2050.
Meanwhile, the U.S. EIA projects Brent crude could fall to around $60 a barrel by year-end.
Oil: private survey of inventory shows a headline crude oil draw smaller than expected
Brent up
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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