Oil prices rose on Thursday as the market expects the OPEC+ alliance to maintain current production levels and not bring back any of its curtailed output due to the lagging oil demand recovery
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Supply deficits to propel commodities higher in Q2: Saxo Bank
Following a near decade of trading sideways to lower, the sector has embarked on a strong rally with individual commodities reaching multi-year highs
Carbon pricing plans ‘could transform upstream oil and gas economics’
WoodMac analysis weighs up financial impact of shift towards net zero
Saudi Aramco and Siemens Energy ink 15-year contract for oil field power supply
The agreement is expected to ensure reliable power supply to some of Saudi Aramco’s key strategic assets
Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030
Rystad Energy estimates that robotic drilling systems could bring cost savings of more than $7 billion in wages in the US alone
Oil gains on bullish expectations for the coming OPEC+ meeting
Oil prices rose on Wednesday as the market expects OPEC+ to keep a conservative output policy in the following day’s meeting, due to the speed lag of the oil demand recovery
Injazat and Lamprell form JV for digital transformation
The JV will have initial funding of $7 million split equally between the partners
AI and the cloud enable energy’s transformative leap
By leveraging artificial intelligence and the cloud in tandem, energy companies can thrive in the post-pandemic economy says Jim Chappell, Global Head of AI and Advanced Analytics at AVEVA
Qatar Petroleum to become full owner of Qatargas 1 JV
The Qatargas Liquefied Natural Gas Company has a production capacity of approximately 10 million tons per annum
Higher oil prices will not quickly reverse balance sheet deterioration
When higher oil prices result in higher revenues, governments may choose to allow their fiscal balances to improve or to increase spending to support their economies