The year-on-year rate of change has reached levels not seen for at least a decade, and we are increasingly seeing the risk of the current inflation spike not being the transitory phenomenon being touted by major central banks
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Big Oil proven reserves could run out in less than 15 years if discoveries don’t ramp up
Produced volumes are not being fully replaced with new discoveries among the oil majors
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Oil rises on US crude stocks and demand optimism
Oil prices continue their rally this week, on the back of an expected decline in US crude stocks and a coming uptick in global demand
Oil up on global demand hopes, US stocks and weak dollar
Oil prices are increasing this week as a result of market expectations that oil demand is about to rise globally. Forecasts for a dip in US crude stocks and a weaker dollar are also helping prices grow
GlobalData expects 118 oil and gas project starts in Australia by 2025
In the upstream (fields) segment, GlobalData expects 53 projects to start operations in Australia during 2021 to 2025
Oil prices flat as trader focus shifts to India and Iran
Oil prices are starting the week largely flat as developments in India and the prospect of returning Iranian supplies balance the market’s enthusiasm for a coming global demand uptick
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Top M&A legal advisers by value and volume in oil & gas sector for Q1 2021
Deal value for the sector increased by 66.7% from US$39bn in Q1 2020 to US$65bn in Q1 2021