Where will the next 20 billion barrels of the Middle East come from?
We previously reported that global upstream operators will cut investment for the second consecutive year in 2026, with capital spending expected to fall at least 2% to 3% year-on-year, and more than 5% compared to 2024 levels, as the industry navigates oil prices below $60 a barrel while maintaining focus on long-term resilience. Still, Wood…