Oil prices in 2024 were heavily influenced by Chinese demand and Middle East tensions, while US shale producers consolidated and remained cautious about production growth. Natural gas demand surged due to increased electricity consumption, driven by Big Tech’s AI pursuits, leading to a more optimistic outlook for the gas market. Nuclear energy gained traction as a reliable and emissions-free source of electricity, with a focus on small modular reactors as a potential solution to lengthy construction times. It has been an eventful year for world energy: oil supply jump scares…
Read MoreOil Market 2024 In Review: A Year Of Surprises And Shifting Demand
