Oil executives express concerns over geopolitical tensions in the Middle East and US-China relations, while remaining optimistic about future oil demand despite economic uncertainties.
When it comes to the price of oil, geopolitical volatility is usually a tailwind. However, when it comes to what big oil CEOs worry about the most, these conflicts - including the ongoing ones in the Middle East - are top of the list, according to a new report from Bloomberg. Oil executives are meeting at the region's largest energy conference amid high market volatility, the report says.
We operate across five or six countries in the region we are worried obviously about the security of our people and the security of energy supplies.' Shell CEO Wael Sawan added that 'what happens on the US-China axis' is also a concern. He added 'We fundamentally believe the world will need more energy and we fundamentally believe it will need different forms of energy.
Ceos Middle East Conflict US-China Relations Oil Demand Geopolitical Risks Energy Investment Peak Oil IEA OPEC
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