The International Energy Agency (IEA), which works with countries around the world to shape energy policies for a secure and sustainable future, projects that global oil demand will peak before 2030.
China is anticipated to be at the forefront of global plastics capacity additions by 2030.
BP (bp) – along with Shell, Equinor, and other oil and gas companies – has announced it will be reducing investment into renewable energy, refocusing on oil and gas production.
Iraq will add considerable CDU capacity in the Middle East with almost1,919 of capacity expected to be added by 2030.
The US is anticipated to lead global ammonia capacity additions by 2030, due to the availability of large natural gas reserves.
Global oil and gas contract activity experienced a 15% quarter-on-quarter decrease in the total number of contracts, from 1,596 in the third quarter (Q3) of 2024 to 1,353 in Q4 2024.
The country has vast natural gas reserves which provide a cost-effective feedstock for methanol production.
The United Arab Emirates will dominate within the region, accounting for more than half total capacity additions by 2028.
Demand forecasts converge in 2025. China and non-Organisation for Economic Co-operation and Development (OECD) growth, Europe transition, and US shift to watch.
Asia will dominate the global liquids storage capacity additions, representing more than half of the total global additions by 2028.
We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
