A structure burns in Druzhkivka, Ukraine on June 20. Photographer: Scott Olson/Getty Images Global oil investment will be stagnant this year and may even decline as producers deal with surging inflation and volatile prices caused by Russia’s war in Ukraine, according to the International Energy Forum. Crude prices have risen following the invasion in February, as uncertainty over supply security has riled markets. Meanwhile, OPEC and its allies have been slow to unwind coordinated production cuts, with some members of the group also struggling to restore output amid political protests. In addition, increasing costs for energy projects as well as supply chain issues are making it harder to source equipment and may discourage spending, the Riyadh-based consultant and adviser said. “These issues make investment decisions more challenging and less likely,” IEF Secretary General Joe McMonigle said in an interview. “For 2022, it looks like the situation is not improving […]