Why Oil Prices Could See a Significant Upside Shift

Why Oil Prices Could See a Significant Upside Shift

The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities. According to commodity analysts at Standard Chartered, the summit titled "Charting Pathways Together: The Future of Global Energy" featured significantly greater engagement from international oil companies and consuming…

Why Oil and Gas Prices Face a Significant Upside Shift

In a world where oil prices are currently languishing below $70 per barrel, with analysts predicting they could average in the mid-$60s for the remainder of 2025, it’s easy to assume a bearish outlook dominates the energy markets. Yet, beneath this apparent oversupply narrative lies a confluence of factors poised to drive a significant upside shift in oil and gas prices. From tightening OPEC spare capacity to the persistent failure of renewables…