Deloitte: 2024 oil and gas industry outlook

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January 04, 2024, 13:38

The Deloitte Research Center for Energy & Industrials analyzes the impacts of the global energy landscape in a geopolitical, macroeconomic, regulatory and technological context. The authors of the article, Amy Chronis, Kate Hardin, and Anshu Mittal, look at 5 major trends that are expected to play an important role in shaping oil and gas companies' strategies and priorities in 2024.

5 key trends:

  1. Energy transition: Prudently allocating capital and effectively executing clean energy policies
  2. Critical minerals: Participating in the energy transition by securing a position in the supply chain to tackle perceived end-market risks
  3. Global energy trade: Embracing the growing dynamism in energy trade and relationships
  4. Technology adoption: Harnessing the power of generative AI for innovative solutions and new value creation
  5. Downstream industry: Revamping the refining industry in alignment with evolving demand patterns

Source: Deloitte