EMEA > Africa > Global investment in oil declines for third year amid shift to renewables, finds IEA

Global investment in oil declines for third year amid shift to renewables, finds IEA

Published 11:17 on May 28, 2026 / Last updated at 11:17 on May 28, 2026 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), Net Zero Transition (Power/Electrification, Transport & Heating Fuels)

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Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.
Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.


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