Monday, December 23, 2024
Oil majors won’t ride to the rescue as world faces energy shortages- oil and gas 360

Oil majors won’t ride to the rescue as world faces energy shortages

World Oil HOUSTON (Bloomberg) –The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter. Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part,