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Amid the energy transition, the oil and gas industry is urged to adopt adaptive strategies to safeguard shareholder value in the face of diminishing demand
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Analysts also believe there will be a 24% uptick in electricity made from solar compared with last year
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This is to combat inflation and stabilise the price of oil
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Prince Abdulaziz bin Salman has been sworn in as the new Minister of Energy – the first time the oil portfolio has been given to a member of the royal family
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Throughout 2018, many market analysts found the price of oil difficult to predict, with economic and political events confounding market expectations and leading to inaccurate predictions
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Brent crude peaked at $82.20, the highest figure seen since November 2014
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It has been linked to high commodity and oil prices as well as major water quality and infrastructure plans
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Patricia Espinosa said the transformation towards a greener energy system will be critical to achieve the Paris climate targets
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That’s an increase on strong demand from consumers and restraint by oil producers, says the World Bank
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