• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 23 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 7 mins "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 4 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 23 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Editorial Dept

Editorial Dept

More Info

5 Key Takeaways From CERAWeek

The annual CERAWeek Conference sponsored by IHS Markit is arguably the hottest oil and gas conference on the planet, and this year’s edition saw the largest attendance in the event’s 35-year history – a testament that oil and gas industry is truly back after the several-year downturn.

A who’s who of the energy elite are always present at the conference, from OPEC oil ministers to top shale executives, major financiers and a long line of notable analysts. The event also tends to reveal clues about where the industry is heading in both the short- and long-term, with OPEC officials hinting at future maneuvers, oil executives revealing spending plans and forecasters predicting price movements.

Here are the 5 key takeaways from the 2018 CERAWeek Conference:

#1 Forget peak demand.

Peak oil demand has become one of the most contentious and fascinating debates in the oil industry over the past few years, with forecasts for the pending peak seemingly creeping closer to the present with every new publication. The precise dates vary. Royal Dutch Shell, for instance, has said that the peak could come within 5-15 years. BP, for its part, says demand could plateau in the 2030s. But the steady fall in battery prices has led to bullish forecasts for the adoption of electric vehicles, with grim consequences for oil producers.

But at this year’s CERAWeek, there was no gloom and doom to be found. “I’m not losing any sleep…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News