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Oil leaders clash over fuel's future at virtual CERAWeek FacebookTwitterEmail What is the future of fossil fuel? The debate continued during the first day of CERAWeek on Monday.Eddie Seal / Bloomberg Oil and gas executives clashed over the future of fossil fuels during Monday’s kickoff of CERAWeek by IHS Markit, a major Houston energy conference — held virtually for the first time this year — that draws thousands of energy leaders and professionals from around the world. The chief executives of London-based BP and Netherlands-based Royal Dutch Shell touted their efforts to transform the...

Oil executives say demand will rise, despite emphasis on renewables Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John Hess said at CERAWeek. At the biggest gathering of top energy leaders, investors and politicians from around the globe, climate change and renewable fuels are taking center stage this year with oil companies trying to reorient their portfolios as the fossil fuel industry reels from the coronavirus pandemic, which destroyed fuel ...

Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial part of the energy mix even as renewables draw increasing attention.