TotalEnergies (TTE.US), bp plc (BP.US) and other energy giants join forces to invest $0.5 billion to promote energy acquisition.
Total, bp plc, Shell, and Equinor have announced a joint investment commitment of $0.5 billion aimed at increasing access to sustainable modern energy.
TotalEnergies, Shell, BP, Equinor to Invest $500 Million Under UN's Energy Access Goal
Top Gap Ups and Downs on Thursday: ASML, DIS, SMCI and More
Sector Update: Energy Stocks Advance Premarket Thursday
IEA: Crude oil demand growth in 2024 may be halved, with a surplus of over one million barrels of crude oil expected every day next year.
In terms of demand, the IEA expects that this year, global oil consumption will increase by 0.92 million barrels per day, which is less than half of the growth rate in 2023. By 2025, demand will grow by 0.99 million barrels per day. However, the IEA predicts that supply growth will continue, with production from countries such as the usa, Brazil, Canada, and Guyana increasing by 1.5 million barrels per day this year and next.
SBM Offshore, Technip Energies to Deliver FPSO Vessel for TotalEnergies in Suriname
