The grand fall: Oil prices to continue slide, IAEA says fossil fuel spending to hit new post-Covid low

The grand fall: Oil prices to continue slide, IAEA says fossil fuel spending to hit new post-Covid low

The IEA projected a 6 per cent reduction in oil production investment this year. Excluding pandemic years, this marks the largest drop since 2016 when oil prices plummeted below $30 a barrel

A 6 per cent reduction in oil production investment is forecasted for this year. Representational Image