Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as pressure increases for them to diversify. Recent days have seen an upsurge in pressure on the global oil majors, with activist .
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Russian oil production might never recover to pre-coronavirus levels, the country’s Energy Ministry has forecast, according to the Kommersant business paper. In a strategy document outlining prospects for Russia’s critical oil and gas industry, the government said its “base case” or most likely scenario is that Russia’s oil production will never again hit .
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