A closer look at “Why $100 Crude is the New Normal: Geopolitics, Underinvestment, and Resilient Demand Signa”, exactly as the source publishes it. Industry giants SLB and Halliburton are signaling that crude oil prices are set to remain elevated for the foreseeable future, a shift driven by a complex interplay of factors. Escalating geopolitical tensions, particularly concerning Iran and its impact on the Strait of Hormuz, inject a persistent risk premium into the market, creating volatility. Simultaneously, years of underinvestment in oil exploration and production, stemming from investor caution and the push for decarbonization, have constrained global supply.
This tightening supply is met with resilient demand, especially from developing economies continuing their growth trajectory, and a rebound in post-pandemic economic activity. The most immediate consequence for consumers will be higher gasoline prices, impacting household budgets and contributing to inflationary pressures. For the complete material, the listing points back to the source inside the network.