Tag Archives: Event

The Strait of Hormuz is a narrow waterway carrying a fifth of the world’s traded oil.

Artificial intelligence has been making inroads into the oil and gas industry for a while.

Analysis suggests demand for global crude oil will rise to 89mn barrels per day by 2030.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

Aramco’s gas expansion strategy needs $150 billion of investment over the next decade.

The event then will feature a presentation on the pace of oil market development.

OPEC+ provides main support to the oil market.

Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.

Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.

BP was in fact an early mover into renewables.