Oil: Five things to watch in 2024
Many of the biggest themes of 2023 will come to a head this year, but beware both naysayers and apologists
Last year was supposed to be the year of the new normal. Instead, there remains huge uncertainty over the global economic outlook, OPEC’s unity, geopolitical tensions and the energy strategies of both IOCs and NOCs. But the oil industry must navigate not only vastly opposing market forces but also the competing agendas of bullish and bearish narratives. This raises the question of where those with vested interests should put their trust. Even apparently independent commentators must be assessed for their biases, especially when there are headlines to be written and money to be made, and when the way ahead is unclear. Is $80/bl a sweet spot? An oil producer’s bare minimum level? A pain point
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust