OPEC Chief Warns Against Cutting Investment In Oil And Gas

Cutting investments in oil and gas production is misguided, said the secretary-general of OPEC Mohammed Barkindo at the World Petroleum Congress. "If the necessary investments are not met, it could have knock on implications and leave long-term scars, particularly for security of supply – affecting not only producers but consumers too," the official said, as quoted by Reuters. Barkindo's comments come on the heels of a report by IHS Markit and Saudi-based International Energy Forum, which said upstream investments actually need to increase…