Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives.
Have they restarted? I remember during the last spike in oil prices, it seemed like every oil company was choosing to not invest, but keep the profits.
Have they restarted? I remember during the last spike in oil prices, it seemed like every oil company was choosing to not invest, but keep the profits.