博彩对冲

Announced low-carbon spending by major energy companies was $6.7 billion in Q1鈥�25. The latest data from 博彩对冲's Low-Carbon Investment Tracker, accompanying the recently published report, covers investments, acquisitions and initiatives announced or approved through the first quarter of 2025.

While Headlines Gyrate, Fundamental Support Weakens

A disadvantaged European gas storage situation remains at the center of price direction. Asian LNG demand weakness, led by China, eases pressure on Europe for now as injection season gets underway. Long-term LNG supply agreements are lagging last year鈥檚 pace on the eve of the second quarter following a year where contracting trends were already shifting. Several factors could help restore the pace.

Trump鈥檚 tariff strategy threatens to upend global capital markets, limit growth and permanently alter the global trade order. We see trade war threats remaining elevated during this fluid and uncertain period, yet Trump鈥檚 mercantilist trade views and desire to secure pro-America trade deals will remain. Of our three trade policy scenarios, we see a higher likelihood of a 鈥淨uick Walk Back.鈥� Our 鈥淓conomic Uncertainty鈥� and 鈥淒eeper Realignment鈥� scenarios are still in play. In all three scenarios, uncertainty weighs on investment, US credibility with trading partners takes a hit and protectionism is ossified in global trading systems.

Expanding crude production capacity to 5 million b/d has long been a strategic priority for Adnoc, which is now nearing completion on or before its 2027 target. As a result, Adnoc has begun to direct upstream growth efforts towards increasing gas output to both boost exports and support national targets. It views unconventionals as a key growth segment. At the same time, XRG is spearheading a new era of international growth for Adnoc, with gas and chemicals making up the bulk of its growing portfolio.