New Delhi, June 20 (IANS) Global oil majors are cutting back on low‑carbon investments and refocusing on conventional oil and gas investments due to energy security concerns from geopolitical conflicts, a report said on Saturday.The report from Equirus Securities said combined low‑carbon spending by seven global oil supermajors fell to the lowest level since 2019 at about $8.3 billion in 2025 from around $24 billion in 2024.Meanwhile, their investments in oil and gas projects have risen, mar…
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