The global supply of oil may decline due to the decline in investment in the industry, which threatens to turn into a deficit in the market and rising prices. Various organizations, including the IEA and NGFS warned about this, profinance.ru wrote with reference to Bloomberg agency.

8 - 12 years ago, the cost of extracting, refining and transporting oil amounted to an average of about $665 billion; since then, they have decreased to about $460 billion by 2022, according to data from Bloomberg. Experts do not expect these indicators to return to the previous level in the foreseeable future - the forecasts of specialized organizations for the next 8 years ranged from $ 350 billion to $ 600 billion, writes the publication. The popularity of low-carbon energy in the world is gaining momentum, but it has not yet reached the level to displace fossil fuels. These factors may lead to a shortage of oil and push up oil prices in the coming years.