Lates News

According to the Financial Times: Despite the chaos, destruction, and production disruptions caused by the war in the Middle East, major global oil companies are still taking the long view and seeking to secure the region's vast oil and gas reserves. This week, executives from Shell, BP, TotalEnergies, ConocoPhillips, and Chevron all expressed their willingness to invest in the world's most productive oil and gas region, noting that the region's abundant reserves and low extraction costs are valuable enough to offset the accompanying high risks.