Oil Price Volatility: A Major Challenge for National Oil Companies in 2025

The global energy landscape is undergoing a profound transformation. The oil and gas sector continues to play a dominant role in the energy mix, but renewable sources are rapidly gaining ground. The next decade offers both significant opportunities and formidable challenges for national oil companies (NOC), which find themselves at a pivotal crossroads as oil prices fluctuate, geopolitical tensions rise and the global energy transition accelerates. How they respond to these complex dynamics will determine their ability to maintain leadership, stay…