In 2023, the oil and gas sector faced volatility in international crude oil prices due to geopolitical tensions, supply cuts, and demand concerns. Crude prices fell from $80 per barrel due to subdued demand, then rose to $90 with OPEC supply cuts and Middle-East tensions, but ended the year below $80 due to oil oversupply.
Budget 2024: Energy sector awaits more focus on green fuels, reforms, renewables on January 22, 2024 at 9:18 am
