Outlook for oil, gas demand increasing to 2040: Baker Hughes CEO

While the renewable energy market continues to grow amid what is thought to ultimately be a transition away from oil and natural gas, demand for energy continues to mount and should increase by double-digits between now and 2040, Baker Hughes CEO Lorenzo Simonelli said Oct. 23. it is “important” to emphasize the company’s long-held macro view of structurally growing energy…While the renewable energy market continues to grow amid what is thought to ultimately be a transition away from oil and natural gas, demand for energy continues to mount and should increase by double-digits between now and 2040, Baker Hughes CEO Lorenzo Simonelli said Oct. 23. it is “important” to emphasize the company’s long-held macro view of structurally growing energy…Read More