U.S. Energy Envoy Calls For More Investment In Oil And Gas ...Middle East

The oil and gas industry needs more investment, Amos Hochstein, the U.S. Senior Advisor for Energy Security, said at the ADIPEC energy conference in Abu Dhabi on Monday.  “More investment is needed in the oil and gas sector right now and tomorrow,” Hochstein was quoted as saying. The top oil producers in the Middle East have been warning for years that the recent slump in investment in the industry would come back to haunt global supply. Underinvestment is one of the key reasons for high oil prices, the world’s largest oil…

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