Ricardo Monte Alto, a group executive at Vale SA, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Ricardo Monte Alto, a group executive at Vale SA, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Ricardo Monte Alto, a group executive at Vale SA, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Ricardo Monte Alto, a group executive at Vale SA, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

People attend CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

An attendee uses a phone during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

An attendee uses a phone during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, is interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, speaks while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

A reflection of Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, is visible while he is interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, poses for a portrait following an interview during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, poses for a portrait following an interview during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Felipe Bayon, the CEO of Colombia state energy company Ecopetrol, poses for a portrait following an interview during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a question onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Jaroslaw Dybowski, the executive director of power generation for PKN Orlen, listens to a fellow panelist onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

People attend the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

A person attends the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

People attend the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, listens to a question from Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, wears a pin of the American flag as he joins Daniel Yergin, the vice chairman of S&P Global, onstage for a conversation during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, listens to a question from Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, exits the stage following a conversation with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, speaks onstage with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Michael Regan, the administrator of the EPA, listens to a question from Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, CEO of RWE, listens while participating in a conversation onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, CEO of RWE, listens while participating in a conversation onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, CEO of RWE, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, CEO of RWE, listens while participating in a conversation onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Mauricio Gutierrez, president and CEO of NRG Energy, listens to a question while onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Mauricio Gutierrez, president and CEO of NRG Energy, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Mauricio Gutierrez, president and CEO of NRG Energy, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, the CEO of RWE, speaks onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Douglas Giuffre, director of energy at S&P Global Commodity Insights, asks a question while conversing with Mauricio Gutierrez, president and CEO of NRG Energy, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Markus Krebber, CEO of RWE, listens to a question onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Mauricio Gutierrez, president and CEO of NRG Energy, listens to a question while onstage during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, wears a pin of his country’s flag while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, poses for a portrait during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, listens to a question while being interviewed during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Stuart Young, energy minister of Trinidad and Tobago, poses for a portrait during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, speaks with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, speaks with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, exits the stage following a conversation with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, is silhouetted as he exits the stage following a conversation with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, speaks with Daniel Yergin (not pictured), the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare 

Wael Sawan, the CEO of Shell, speaks with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 9, 2023. REUTERS/Callaghan O'Hare