Capital shifts back to oil as transition stalls: by Oil & Gas 360
March 18, 2026
(By Oil & Gas 360) – The global energy system is being pulled in two directions at once. On one side, major oil companies are scaling back spending on low-carbon projects, marking the first decline in transition-focused investment since 2017. On the other hand, the latest geopolitical shock tied to the Iran conflict is reinforcing how exposed the world remains to
