US Secretary of Energy Chris Wright at CERAWeek
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
To mark the start of CERAWeek by S&P Global, executives from across the global energy supply chain came together in Houston, Texas to set the record straight—that oil and gas are here to stay. “We need more energy—lots more energy,” said Chris Wright, US Secretary of Energy, in his opening comments, referring to growing global demand. He noted that energy users in the US require “an average of 13bl of oil per person per year… [while] Africans average less than 1bl”. His message was unequivocal: energy and economic progress go hand in hand. Wright firmly confirmed that gas is here to stay. “There is no physical way that wind and solar could replace the myriad of uses of natural gas,” he
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
