Energy investment to hit record highs in 2026 despite war impact: IEA

Global energy investment is on track to hit a record $3.4 trillion in 2026 despite growing pressure on Middle Eastern spending, shrinking financing for oil and the threat of higher borrowing costs, the International Energy Agency said May 28. The conflict in the Middle East is likely to add impetus for countries to invest in their energy security, but new spending will continue to slant heavily toGlobal energy investment is on track to hit a record $3.4 trillion in 2026 despite growing pressure on Middle Eastern spending, shrinking financing for oil and the threat of higher borrowing costs, the International Energy Agency said May 28. The conflict in the Middle East is likely to add impetus for countries to invest in their energy security, but new spending will continue to slant heavily toRead More