Oil futures: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud speaks at the COP26 climate summit in Glasgow Photo: Reuters/SCANPIX

Projected oil output growth presents opportunity and challenge to a hard-pressed sector

Higher oil prices over the long term are feeding into pipeline of project sanctions, even as many companies stick to a framework of capital discipline and lower carbon intensity

31 December 2021 12:09 GMT Updated  6 January 2022 8:54 GMT