How Will Rising Oil Prices Impact The Energy Transition?

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How Will Rising Oil Prices Impact The Energy Transition?

Amid an increase in global demand and concerns over key supplies, global oil prices are approaching $100 per barrel for the first time since 2014. But, with prices rising, what does this mean for the renewable energy transition, especially in Gulf countries? After opening the year at around $78 per barrel, Brent crude prices rose sharply over the first six weeks of 2022 to surpass $94 as of February 14, the highest price in more than seven years. Driven primarily by a lack of supply and a recent post-lockdown spike in global demand, the increase...

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