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Do not count on peak demand for oil anytime soon-II: Total oil & gas investments to be at $10.5 trillion
Jan 24: The anticipated expansion in both the upstream and downstream, as well as the mid-stream capacity needed to take care of extra demand, will require significant investments.
8The total investment has been pegged at a massive $10.5 trillion in the period to 2040.
8While investments are picking up slightly in 2017 and in 2018, it is clear that this is not anywhere close to past levels.
8The recent investments are also more evident in short-cycle rather than long-cycle projects, which are the industry’s baseload.
8"It is vital that this be rectified so that a lack of investments today does not lead to a supply shortage in the future," the research report says.
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