Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels ...News

The leaders of the OPEC+ group, Saudi Arabia and Russia have warned that an imminent supply crunch is inevitable if the world fails to invest enough in new oil and gas projects. The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report suggesting no new investment in oil and gas would be needed if the world is to reach net-zero emissions by 2050. Environmentalists and activist shareholders intensified pressure on large public oil firms to align their businesses with a net-zero scenario, while some of the inte

Hence then, the article about saudi arabia russia warn of major oil supply crunch without new investments in fossil fuels was published today ( Tuesday 08/06/2021 - 12:45 PM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels )

Also on site :

• Active Motif annonce la signature d'un accord exclusif de distribution mondiale avec Arima Genomics pour des solutions génomiques 3D de pointe
• PerkinElmer and Covalent Announce Strategic Collaboration to Advance Failure Analysis and Materials Characterization for Semiconductor, Electronics, and Battery Industries
• AT&T joins Connected Nation as Lead Collaborator for attempt to set a GUINNESS WORLD RECORDS™ title to expand digital skills worldwide