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'Underinvestment to fuel oil price risks'
Mint New Delhi
|December 15, 2025
Oil companies must ramp up investment in exploration and production to meet future demand, Prasanna V. Joshi, a senior ExxonMobil executive, said, while cautioning that output increases by the Organization of Petroleum Exporting Countries (Opec) could lead to a near-term glut.
In November, eight core Opec countries, including Russia, increased crude output by about 160,000 barrels per day, according to estimates by Argus. With this, the oil cartel has cumulatively added around 2.25 million barrels per day since it began unwinding production cuts on a monthly basis in April 2025.
Diese Geschichte stammt aus der December 15, 2025-Ausgabe von Mint New Delhi.
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