Gas over oil?This is an interesting quote from an article in OilPrice.com. I have noticed similar nuances lately.
Looking forward, Gazprom expects global gas demand to reach 5.7 trillion cubic meters by 2050, driven by population growth and digitalization. Most of this growth will come from countries like China, India, and Russia, with demand in the Global South also rising.
For the U.S., Miller pointed out a slowdown in gas production due to depleting shale deposits and rising domestic demand. Interestingly, the U.S. is increasing gas imports from Canada, indicating that even the world's largest producer of gas is facing supply challenges.