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Upstream oil and gas sector in 2024
The global upstream oil and gas sector ended 2023 on a weak note. Despite the geopolitical tensions and other factors like production cuts, oil prices remained lower during the year as compared to 2022 prices. And the outlook for 2024 has been somewhere near moderate growth. The optimistic lot of the global market is eyeing moderate growth for the upstream oil a gas sector in 2024. This outlook comes despite the significant announcement in COP28 to move towards Net Zero as the proponents and producers of oil and gas sector believe that countries will continue to rely on oil and gas. This could be true as the demand ... (full story)