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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

KAPSARC Warns of Challenges Hindering Investments in Oil, Gas

Oil Deficit King Charles III Petroleum

KAPSARC warns of the repercussions of a drop in investment in oil and gas. (Asharq Al-Awsat)

Industry investment should increase during the next two years, otherwise, the world risks a significant deficit of oil and gas supply by 2025 and beyond, found a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC).

It also warned of a high probability of the price of oil increasing to over 100$ per barrel for a prolonged period.

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