The Opec-GECF held its Sixth High-Level Dialogue in Vienna, reinforcing cooperation among top oil and gas exporters. They noted record consumption levels and the need for sustained investment in hydrocarbons. Opec projects a 23 per cent rise in global energy demand by 2050.
bp has reported the presence of hydrocarbons at an exploration well in the deep-water Tupinambá block in Brazil’s Santos Basin, notifying the Brazilian National Agency for Petroleum, Natural Gas and Biofuels (ANP) of the discovery.
Saudi Arabia’s structural shift toward non-oil revenue is strengthening the kingdom’s long-term economic resilience, while rapid growth in its digital economy is supporting efforts to diversify beyond hydrocarbons, according to top ratings agency S&P Global Ratings.
