As crude oil edges towards the $100-per-barrel mark, questions are once again being raised about whether global investment flows are set to pivot back into the energy sector after years of relative underinvestment. Against the backdrop of tightening supply dynamics, slowing capex, and an uneven energy transition, market participants are reassessing the medium-term outlook for oil, refining, and renewables.
Speaking to ET Now, Nikhil Bhandari from Goldman Sachs highlighted that the industry is entering a structurally tighter phase, driven less by demand shocks and more by years of restrained investment.
