Oil and gas underinvestment raise fears of continued price shocks and volatility, says report

Upstream investment needs to increase and be sustained at pre-Covid levels of almost $525 billion until 2030

Upstream underinvestment: Daniel Yergin, Vice Chairman of IHS Markit, speaking at the 23rd World Petroleum Congress in Houston
Upstream underinvestment: Daniel Yergin, Vice Chairman of IHS Markit, speaking at the 23rd World Petroleum Congress in HoustonPhoto: NICK AGRO/CORPORATEEVENTIMAGES/UPSTREAM
Published 8 December 2021, 01:24Updated 8 December 2021, 01:24