12:13 - 18.12.2025
December 18, Fineko/abc.az. Patrick Pouyanne, CEO of TotalEnergies, predicts an increase in oil demand and price support, despite an oversupply due to OPEC and US production restrictions and increased consumption.
ABC.AZ infoms that the market is stabilizing in the long-term prospect due to the shortage of new projects.
At the same time, he estimates that natural gas prices will fall in 2027 due to excess capacity in Qatar and the U.S. The company is diversifying its business by signing long-term contracts with Asia, developing projects in Mozambique and the U.S., and investing in gas-fired power plants, batteries, and solar energy.
