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ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Shale Output: U.S. LNG Export Dominance: U.S.
On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. He said those investments would include the natural gas supplychain. Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. million bpd.
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