Workers prepare to dismantle an oil rig in Gujarat, India
Letter from Singapore: Beware oil investment’s death rattle
High prices are no longer a guarantee for increased investment in oil projects despite the warnings of an energy crunch
Some energy professionals have been writing the obituary for oil investment for several years. A disdain for financing hydrocarbons across the banking world, punitive measures on energy companies that dare to make a profit, a cult-like pursuit of ESG and fears of stranded assets amid apocalyptic warnings of a collapse in oil demand have left the industry on life support. But what does not kill you only makes you stronger, right? The crux of the matter is the relationship between oil prices and investment. The two have understandably had a close correlation. Higher prices lead to greater investment, which then leads to a glut in projects, a crash in the price, a cull in investment and—once ag
Also in this section
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
7 May 2025
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
6 May 2025
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
