Oil & Gas Capex surges over 30% in Asia on quick Covid-19 recovery

Monday, 01 November 2021

Capital expenditure into oil & gas ventures has surged 30.4% in Asia as the region is staging a fast rebound from the coronavirus crisis. Higher commodity prices unlock greater flexibility in spending, Fitch Rating said, but warned an uneven uptake in vaccinations will leave the recovery in fuel demand tepid in some places.

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