rystad energy
Posted inExploration & Production
Oil rises on crude stocks draw expectation, sidelining OPEC+ and Covid concerns
Oil prices rose today as market expectations for a draw in US crude inventories are sidelining concerns over the future of the OPEC+ deal and the expansion of Delta variant, for now
Posted inExploration & Production
World’s recoverable oil now 9% slimmer: Rystad Energy
Saudi Arabia still sits on the largest volumes of recoverable oil resources, followed by the US and Russia, according to a Rystad Energy assessment
Posted inExploration & Production
Oil falls on OPEC+ confusion and Covid-19’s spread
Oil prices fell today as the market priced in worries over the spread of the Covid-19 pandemic and some lack of confidence over OPEC+ maintaining output restrictions
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
Oil rises as strong demand causes another draw of US crude stocks
Oil prices rose today after the API institute forecasted another strong crude stocks draw in the US for the past week, and all eyes now are set on tomorrow’s OPEC+ meeting
Posted inExploration & Production
US LNG exports hit record monthly high
Supplying Asia with LNG got much costlier for the US, but strong demand brings export records
Posted inExploration & Production
Oil rises on strong demand and inventory draws as traders ignore premature Iran news
Oil prices are ticking up today, enjoying some further gains after the EIA confirmed a massive oil stocks draw in the US, with traders not yet convinced Iran’s claim of an agreement with the US to lift sanctions is a done deal