Oil industry leaders remain confident about long-term demand
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
THE inaugural Energy Asia 2023 is a resounding success, bringing together experts from various industries, beyond the energy sector, to attain a broad perspective on energy transition in the Asian region.
Despite facing mounting challenges, the oil and gas industry is confident in the long-term resilience of oil demand.
Brent crude futures are down about 14% since the start of the year as rising interest rates hit investor appetite, while China's promising economic recovery has faltered after several months of softer-than-expected consumption, production and property market data.
PETALING JAYA: Natural gas has emerged as a critical transitional fuel and carbon capture and storage technologies are a crucial component in speeding up Asia’s move towards a net-zero carbon future, says Economy Minister Rafizi Ramli.