• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 6 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 6 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 hours The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 18 hours "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 1 hour "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days Changing Gazprom ADRs to Russian shares
Haley Zaremba

Haley Zaremba

Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the…

More Info

Is Upstream Investment Turning A Corner?

This week the International Energy Agency (IEA) released their annual World Energy Investment report (WEI), revealing that in 2016 energy investment plummeted by a staggering 12% from the previous year. In 2015, investors poured $1.9 trillion into the energy market, but in the past year investment dropped to a total of just over $1.7 trillion, a concerning prospect as global populations continue to boom, middle classes continue to expand at breakneck paces in places like India and China, and energy demand grows steadily around the world.

Most concerning is the bottoming out of upstream investment, which has plunged a staggering 44% between 2014 and 2016. The IEA is hopeful, however, about a modest rebound in 2017 after this year’s stunning 53% increase in US shale investment and healthy spending in heavy-hitting production regions like the Middle East, Russia, and Mexico. The agency predicts that thanks to this new cash flow, upstream investment will bounce back by 3% before the end of the year.

(Click to enlarge)

Shale oil and gas have exploded in the United States this year, with an extraordinary uptick in production and upstream investment, contrary to global trends. Russia is also going strong as it continues to power the rest of Europe with its massive supplies of oil and natural gas, but it’s looking like their monopoly is finally due for some competition as the U.S. rolls out its first shipments of liquefied natural gas to Europe…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News