Remove 2030 Remove Barrel Remove Supply Chain
article thumbnail

BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

million barrels per day by 2030. The broader energy industry has struggled with high costs, supply chain disruptions, and regulatory uncertainty in renewable energy projects. Large-scale solar investments have also faced supply chain disruptions and declining profit margins. million and 2.5

Oil 40
article thumbnail

The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. trillion in clean energy investments per year by 2030, but this assumption ignores financial realities. Jet fuel demand will continue rising well beyond 2030. The IEA forecasts $4.5

Oil 40
article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

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. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S. renewable projects.