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HOME ⊙ Three trends affecting the oil and gas industry in 2023
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Three trends affecting the oil and gas industry in 2023

来源: | 作者:佚名 | 发布时间 :2023-12-14 | 212 次浏览: | Share:

Oil and gas prices are expected to be volatile in 2023

According to FocusEconomic panelists, Opec's crude oil production is expected to largely stagnate in 2023, constrained by recent cuts in production quotas. Crude production in the world's third-largest oil producer will decline due to tougher sanctions, while U.S. crude production will grow, albeit at a limited pace due to recent weak drilling activity by shale producers.

As a result, crude oil prices in 2023 are expected to show some volatility, with the overall average price about 7% lower than in 2022. In addition, uncertainty will keep oil prices at the highest level in the past decade, at $90 a barrel.


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