Hence, given the wide range of demand scenarios and price outlooks, oil and gas companies may have to carefully manage decline in demand to avoid the risk of stranded assets, while at the same time ensuring that they are future-proofed with investments in energy transition opportunities, as ma...
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HOUSTON, April 12 (Xinhua) -- The U.S. Energy Information Administration (EIA) forecasted in a report on Tuesday that the global crude oil price will decline to below 100 U.S. dollars in 2023. In its April's Short-Term Energy Outlook, the EIA said Brent crude oil price will average ...
Internationally, theBrent crude oilprice is expected to average $95.33/b in 2023, according to the Energy Information Administration's (EIA) Short-Term Energy Outlook released on November 2022. This is up from an annual average of $70.89 in 2021 and 102.13 in 2022. ...
2023 oil and gas M&A outlook: Pivoting for changeDownload the report Key highlights: What’s the insurance M&A news for 2023? Debt-funded deals Only 7% of O&G deals are funded by debt, suggesting a reluctance to undertake debt thereby minimizing the impact of interest rate hikes. ...
the international oil prices fluctuated wildly at a high level across the year.The price jumped to more than USD 130 per barrel at the peak from USD 80 per barrel at the beginning of the year,rising by 60%,a record high in the recent decade.It returned to the original level of USD ...
The 2024 annual OPEC oil price stood at 79.86 U.S. dollars per barrel, as of November. This is lower than the 2023 average, which amounted to 82.95 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial...
The outlook for global economic growth has deteriorated amid high inflation,falling confidence,and tighter monetary-policy.Oil prices already weakened as we approached the end of 2022.Macroeconomic headwinds lead to concerns about oil demand.However,the oil market is expected to tighten in 2023 followi...
April 14 2023 09:37:22() The latest price of palm oil (4-12): 7838 RMB / ton, the market outlook is bullish Key points of analysis: Since April, due to the game of long and short factors, the palm oil market has been mixed, and the price has been arranged within a narrow ...
(EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. According to EIA’s JanuaryShort-Term Energy Outlook(STEO), global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first ...