Rystad Energy says European energy demand is likely to rop by 0.7% compared to previous forecasts
Author Archives: Staff Writer
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Volatile oil and gas market attracts short sellers, says GlobalData
Globaldata says big losses for oil companies could mean big money for short sellers
Crescent Petroleum partners with SAP for digital transformation
Digital transformation with SAP provides real-time operational insights, integrated asset management, and upskills talent
TAQA announces third year of profitability
The company produced 124,418 barrels of oil equivalent per day
Saudi Aramco to continue supplying 12.3 million barrels of crude per day for “coming months”
The supply increase will continue “over the coming months”
More than 200 OFS firms in Europe could go bankrupt as coronavirus slashes $5 billion off the market: Rystad
The European service market, which was expected to stay largely flat this year from the 2019 level of $47 billion in our pre-coronavirus estimates, is now facing a number of hurdles because of the outbreak
S&P Global predicts global recession in 2020
Economists from S&P Global estimate GDP growth at 1% to 1.5% in 2020, with risks on the downside
Saudi Aramco will likely maintain high production through May, CEO says
Aramco CFO Khalid al-Dabbagh said that he is “very comfortable” with an oil price of $30 per barrel
The OPEC Fund commits $200m to fight against COVID-19
The financial package will be deployed via long-term loans, private sector and trade finance facility windows and grants.
Developing countries could lose up to 85% of oil and gas income in 2020: OPEC, IEA
IEA and OPEC leaders released a rare joint statement in reaction to the coronavirus pandemic and the crash in oil prices