Refined Petroleum Products: ISIC 232
Total report count: 19
Total report count: 19
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The global energy crisis has had far-reaching implications for consumers, businesses and entire economies, highlighting the importance of the global energy transition and boosting energy efficiency, while creating opportunities for innovation and investments in renewables and green technologies. Timely and effective business strategy adjustments and contingency plans are key to cope with energy price fluctuations and cost pressures, and to address the changing consumer behaviour.
The energy industry recovered in 2021, given the rapidly increasing crude oil and natural gas prices, and lifting lockdown measures. Reopening global economies allowed for increasing mobility and industrial and commercial activities, stimulating demand for energy products. The year also brought increased focus on developing the industry’s sustainability goals. The global demand for fossil fuels is set to continue expanding over the medium-term outlook, driven by the expanding economies in Asia P
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