Highlights ExxonMobil wins part of Qatar LNG expansion Kuwait can increase oil output: KPC CEO Underinvestment causing high prices: Qatar’s Kaabi Oil and gas markets may be tight for another three to five years as the industry tries to catch up with underinvestment in new production due to the pandemic, ExxonMobil CEO Darren Woods said June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Two years of a “significant reduction” in investment in exploration while the industry put more focus on “rebuilding the balance sheet” due to COVID-19 is likely to leave the oil market “fairly tight” for the next three to five years as the industry tries to catch up, depending on what happens to demand, Woods told the Qatar Economic Forum in Doha. Oil and gas prices have surged in the wake of Russia’s February invasion of Ukraine, which has prompted many […]