The global oil industry has been on alert since oil prices dropped below $60/bbl. Investment in the US Lower 48 tight oil sector has shown notable sensitivity.
Shell plc laid out plans to strenthen its position as a leader in LNG and energy trading as part of its goal to become a simpler, more resilient, and more competitive company....
Brent crude oil prices are projected to average $73/bbl in 2025, down $7/bbl from 2024, according to Wood Mackenzie’s latest monthly oil market outlook.
Global oil demand is expected to grow by over 1 million b/d in 2025, up from 830,000 b/d in 2024, reaching a total of 103.9 million b/d, according to IEA data.
