Following 2020’s unprecedented oil demand shock amid the COVID-19 pandemic, Wood Mackenzie expects 2021 total liquids demand to average 96.7 million barrels per day
OPEC
Posted inDRILLING & PRODUCTION
OPEC+, COVID-19 and energy transition to impact oil in 2021: report
Following 2020’s unprecedented oil demand shock amid the COVID-19 pandemic, Wood Mackenzie expects 2021 total liquids demand to average 96.7 million barrels per day
Posted inDRILLING & PRODUCTION
Oil prices gain on multiple international events: Rystad Enrergy comment
Oil prices rise on President Biden’s push for a quick Covid-19 financial relief package, Iraq’s pledge to cut output and Indonesia’s seizure of oil tankers in its waters
Posted inDRILLING & PRODUCTION
US will remain important in global oil markets: UAE energy minister
President Joe Biden will likely take a different approach to foreign policy and oil diplomacy than Donald Trump
Posted inDRILLING & PRODUCTION
Return of Iran oil exports not an immediate concern for OPEC
OPEC Secretary General Mohammad Barkindo said that the group was taking a “flexible” approach to balancing the market
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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
OPEC+ protectionism is helping the US shale industry find 32% more CFO to boost spending in 2021
The positive effect on oil prices is set to create a chain reaction in the US
Posted inDRILLING & PRODUCTION
Oil up on OPEC+ meeting optimism and China demand
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
Posted inDRILLING & PRODUCTION
First half of 2021 full of downside risks for oil: OPEC
OPEC+ is planning to ease its production cuts by 2 million barrels per day in 2021
Posted inDRILLING & PRODUCTION
Russian and Iranian energy ministers to meet on Monday
Zanganeh and Shulginov are meeting ahead of the OPEC+ meeting which will take place on 4 January 2021