Firm oil prices improve the outlook for producers, provided they continue to reform
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Issue 360
- 21 Dec 2017
| 3 minute read
This year has seen policy-makers reassess their responses to the impacts of renewables and distributed (off-grid) technologies, while analysts focus on how changing consumer behaviours could radically change the global energy industry. Conservative development finance institutions have bought into the ‘off-grid revolution’ – underlined by the World Bank’s decision to end decades of support for upstream oil and gas projects – and even the most petrol-headed of oil majors have changed their traditional tone, highlighted by ExxonMobil’s 11 December announcement that it will start publishing reports on the possible impact of climate policies on its business.
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