Oil prices to rise long-term due to demand
Shell believes oil prices will increase over the longer term, even after the Middle East conflict ends. The company notes that oil and natural gas play a vital role in the global economy.
The global economy’s growing energy demand is a key factor, with clean energy alone unlikely to meet this demand. Oil and natural gas accounted for 32% of global demand in 2025.
As depleting resources, each barrel of oil and natural gas pulled from the ground means there’s one less available, contributing to potential price increases.