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Oil Majors Pivot Back to Growth as Long-Term Fossil Demand Persists

Oil Majors Pivot Back to Growth as Long-Term Fossil Demand Persists

Major integrated producers are shifting from a heavy focus on share repurchases toward renewed upstream investment, as long-term demand projections for oil and gas remain more resilient than many earlier forecasts suggested. This pivot highlights expectations that crude benchmarks such as Oil – US Crude and gas markets like Natural Gas will stay central to the global energy mix for decades despite growth in renewables.

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Over the past month, Oil – US Crude has advanced about 5.28%, reflecting tighter supply dynamics and firmer demand, while its 1-day technical stance currently leans toward a cautious Hold. In contrast, Natural Gas has dropped roughly 10.75% in the same period amid comfortable inventories and mild weather patterns, with a short-term technical reading pointing to a downside-biased Sell signal.

Investors can explore more updates, prices, and analysis across global markets at Commodities.

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