The energy markets are currently going through a seismic shift only rivaled by the global energy crisis of the 1970s. Commodity analysts at Standard Chartered have pointed out that the oil majors in particular are facing one of their greatest tests due to a host of conflicting objectives, some of which are mutually exclusive while others demand tradeoffs of some sort: Incessant calls especially by western governments to expand oil and gas output in a bid to lower consumer prices. To act as a revenue source for government finances when needed. Accelerate…
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