Lower oil and gas industry spending in 2026 predicted by energy service group
NegativeWorld Affairs

- In its annual State of the Industry report, Enserva forecasts a decline in total oil and gas capital spending, predicting a 5.6 percent drop this year followed by an additional 2.2 percent decrease in 2026. This trend indicates a tightening of budgets within the sector, reflecting broader economic challenges.
- The anticipated reduction in spending is significant for the oil and gas industry, as it may lead to decreased investment in exploration and production activities. This could impact job creation and economic growth within regions reliant on these sectors, signaling potential long-term implications for energy markets.
— via World Pulse Now AI Editorial System
