There is absolutely no doubt that the world requires more resources - more oil, more gas and more renewable energy - and we need to make sure that the environment for investment is allowed to facilitate that. If we're not achieving a balance between the oil price and the energy that the world requires, we will not have the necessary flow of investment. Some countries like the UAE and others are investing regardless, because we know the demand is there, but not everyone can do what we are doing. T he whole industry needs to be investing, and on a large scale; if not, we will have an issue down the road. Furthermore, the OPEC+ group of countries is always striving to achieve a balanced market, but keep in mind we're not the only producers in the world; our share of global production is reducing.
AI Boost to Energy demand
AI and the growth of data centres is an incremental pull on energy demand. The only question today is quantifying how much of that additional requirement for power, will come from oil and how much from gas, bearing in mind that part of that will be associated gas, so we will have continue to produce those oil barrels.
