Finance

Oil and gas investment to top $818 billion in 2023 as energy crisis powers record spending

Base-case scenario suggests slow and gradual funding decline for sector in coming years

Acquisition: An array of pumpjacks near Midland, Texas
Acquisition: An array of pumpjacks near Midland, TexasPhoto: AP/SCANPIX
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Published 12 October 2023, 10:34Updated 13 October 2023, 15:40