Economy and TradingEnergy

Global Oil Supply Crisis Looms as Industry Investment Declines, Aramco Chief Warns

The head of Saudi Aramco has issued a stark warning about potential global oil shortages as industry investment in exploration continues to decline. With shale production expected to plateau and demand remaining robust, experts suggest the world could face significant supply challenges by 2040.

Oil Industry Faces Supply Crunch After Decade of Underinvestment

The chief executive of Saudi Aramco, Amin Nasser, has issued a stark warning about potential global oil shortages, citing what sources indicate has been a decade of inadequate investment in exploration and production. According to reports, Nasser called for renewed spending as global oil demand continues to grow while current investment levels remain “extremely low.”