The demonization of oil and gas for nearly the last decade…is turning, there is an understanding that there is a need for oil and gas for the long term,” Qatar’s Minister of State for Energy Affairs Saad Sherida al-Kaabi told this week’s ‘Special Meeting’ of the World Energy Forum (WEF) in Riyadh.

The Qatari minister’s comments were representative of a growing self-confidence from senior oil and gas officials that the industry narrative is swinging back in their favor. Senior officials throughout the two-day WEF event were bullish on the long-term demand picture for their core products, as initial optimism from policymakers on a swift transition to alternative energy sources begins to fade, and they are increasingly pitching a message of a strong future, albeit a decarbonized one, for their industry. (CONTINUED - 1003 WORDS)