Oil executives and ministers are gathering in Houston for a significant energy conference, encouraged by stable oil prices, notable mergers, and reduced pressure to transition to cleaner fuels.
Despite ongoing geopolitical conflicts, oil prices have remained steady between $75 and $85 per barrel, supporting profits without impeding economic growth.
This year's CERAWeek conference is marked by discussions on energy security and the evolving energy landscape, including global oil and gas demand, renewable energy, and regional energy dynamics.
Key topics include LNG developments, U.S. climate policies, and the future of natural gas markets.
While the absence of OPEC officials is notable, discussions on carbon sequestration, hydrogen fuels, and artificial intelligence reflect the industry's efforts to address climate change.
The conference also delves into the impact of recent acquisitions on the U.S. shale industry, which has significantly altered global energy markets.