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2025: Oil Prices Plummet Amid Geopolitical Storms
18 Dec
Summary
- Natural gas prices peaked at $5.289/Mbtu in December 2025.
- Oil prices trended downward, hitting $56.990/bbl in October.
- ConocoPhillips led globally for technological readiness in oil and gas.
The year 2025 was marked by substantial geopolitical events, including the inauguration of US President Donald Trump, and significant technological advancements. The oil and gas industry faced price volatility, with natural gas peaking at $5.289 per million British thermal units on December 5, its highest since December 2022. Oil prices also saw a downward trend, reaching a low of $56.990 per barrel on October 16.
Leading companies in the oil and gas sector, such as large private firms and national oil companies, focused on efficiency, integrating technologies like AI and automation, and expanding into low-carbon energy markets. This strategic approach, coupled with risk management, is crucial for future success.
US-based ConocoPhillips was recognized as the top global company for technological readiness, excelling in cybersecurity and AI adoption. Norway-based Aker BP also showed strong performance in AI adoption, highlighting the industry's move towards technological innovation.
