Topic
mckinsey
Technology AI could unlock $230 billion annually in upstream oil and gas: McKinsey
A McKinsey & Company report estimates artificial intelligence could unlock approximately $230 billion in annual value in global upstream oil and gas at full potential, with $65 billion achievable near-term using current technology. Most of the opportunity is concentrated in a small number of use cases, while oilfield services companies face up to $60 billion of revenue exposure.
Logistics Airfares Could Rise Up to 25% as Jet Fuel Costs Surge, McKinsey Warns
A McKinsey report warns that jet fuel costs could surge due to geopolitical disruptions and refinery constraints, potentially raising airfares by 20-25%. The jet fuel crack spread may average over $50 per barrel in 2026, up from historical levels of $20 or less. Supply constraints are emerging from major exporters in the Gulf and Asia, with countries like China, India and South Korea restricting fuel exports.