Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
Brent crude
Posted inDRILLING & PRODUCTION
Brent crude oil likely to average close to $50 a barrel in 2021
Gulf Intelligence global oil survey of 1,000 energy industry stakeholders
Posted inDRILLING & PRODUCTION
Oil swing settles to mild loses as demand concerns squeeze first vaccine euphoria
Bjornar Tonhaugen, head of oil markets at Rystad Energy, comments on oil price movements
Posted inExploration
How oil benchmarks must shift in a changing energy landscape
Dan Colover, Middle East market development, S&P Global Platts, on trading benchmarks and shifts in the industry landscape
Posted inDRILLING & PRODUCTION
Global decommissioning to hit record $36bn in the next three years
Decommissioning obligations in the global oil and gas industry rose to $11.7bn last year and are projected to hold steady at an average of about $12bn per year from 2019 through 2021, according to Rystad Energy.
Posted inDRILLING & PRODUCTION
Oil prices should reach $60 to $70 per barrel after mid-year: APICORP
APICORP says cuts by OPEC+ might not be enough to stabilise oil prices
Posted inDRILLING & PRODUCTION
Oil prices see first annual decline since 2015
With plenty of fear and speculation surrounding both supply shortages and oversupply, it has been a turbulent year for the oil market, with prices peaking at $86 per barrel of Brent crude before crashing to $53 per barrel.
Posted inDRILLING & PRODUCTION
Bank of America Merrill Lynch releases 2019 Energy Outlook
It forecasts Brent crude to average $70 per barrel and an output cut from OPEC+
Posted inUncategorized
Spotlight on oil prices, supply & demand and industry trends
In the first episode of Spotlight, Oil & Gas Middle East Editor Carla Sertin talks to Mashreq’s head of energy, Badar Munir Chaudhry, about oil price fluctuation
Posted inDRILLING & PRODUCTION
IMF: Gulf economies will grow in 2019 but face volatile oil prices
The International Monetary Fund said GCC countries’ economies would grow by 3% in 2019