Energy Transition Could Cut Oil Prices By $10 Per Barrel ...Middle East

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Energy Transition Could Cut Oil Prices By $10 Per Barrel
source : OILPRICE ( Middle East ) () 21
The back-to-back downturns that exploration and production companies (E&Ps) have faced during the past decade have accelerated the energy transition, adding to growing social and regulatory demands for greener energy solutions. This is putting the resilience of global upstream portfolios under pressure. Energy transition experts on Rystad Energy’s upstream team have now quantified the long-term risk of this change to oil prices and to the net present value (NPV) of global oil and gas portfolios. In an analysis marathon that has generated…

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