Upstream oil and gas got its mojo back in 2022. Record cash flows restored confidence and repaired balance sheets. For many, there is excitement about the year ahead.

Shell has noted five trends in its 2023 energy sector outlook related to energy security, economics, and transition to low-carbon sources.

Will we see oil hit $100 per barrel this year?

Growing confidence in China’s recovery and mounting evidence of cooling US inflation buoyed crude prices for a sixth day.

Gasoline and diesel prices will fall in 2023 and 2024, according to the EIA.

TechnipFMC has been awarded a significant EPCI contract by oil and gas company Wintershall Dea for its Dvalin North project.

Publicly traded oil explorers have taken the lead in expanding shale drilling.

The year ahead carries many trends that should be closely watched and Wood Mackenzie has listed the 5 most important ones for energy and natural resources.

There is now short-term upside of $5-10 per barrel in the oil price.