The future of the oil industry: trends and forecasts
The oil industry is in constant evolution, facing new challenges and opportunities. The main trends that will shape the future of the industry in the coming decades are:
Growing demand in Asia. Despite the development of renewable energy sources, Asian countries continue to increase their oil consumption.
Carbon neutrality. Companies are investing in carbon capture and energy efficiency projects.
Automation and digitalization. Artificial intelligence and Big Data are optimizing exploration, production and refining processes.
Energy transition. Companies are seeking a balance between conventional hydrocarbons and the development of green technologies.