In its “Predictions for 2022” released last Friday (Dec 17), energy research and consultancy Wood Mackenzie (WoodMac) said as this year had shown, many of the fundamental trends driving the energy and natural resources industries remain highly resilient even in the face of a global health crisis. “Turning to global oil supply, we forecast an increase of over four million barrels per day for 2022, similar to the projected increase in demand. This means the US, for example, will continue to see distributed solar combined with storage and/or electric vehicle (EV) charging infrastructure. “And more countries will use distributed solar and energy storage to bring electricity services to disadvantaged communities,” she said. It said for the European majors, the focus of attention and capital investment had largely been on wind and solar.

Source: The Edge Markets December 20, 2021 07:49 UTC