Thursday, May 15, 2025

New Oil, Gas Projects to Accelerate Next Year: Wood Mac

From Reuters The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report. Shaken by a sharp drop in oil prices in recent months, boards are generally expected to stick to spending discipline imposed