By Tsvetana Paraskova OPEC expects China’s economic rebound to lead global oil demand growth this year. Saudi Aramco reported lower first-quarter profits as oil prices declined, and demand for onshore drilling rigs in the Gulf is expected to jump over the next five years—these were the highlights in the oil and gas sector in the Middle East over the past month.
Accelerating solar-plus-storage in the next five years will be important for boosting the efficiency and resilience of global energy networks, according to 92% of energy industry professionals.
OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.