Oil prices gain today on trader confidence ahead of this week’s OPEC+ meeting and on positive oil demand recovery signs
rystad energy
Posted inExploration & Production
Oil prices ease but remain at high levels on strong summer demand
Oil prices trimmed some of the previous day’s gains, but they still remain at high levels due to expectations for strong summer demand and the reopening of global economies
Posted inExploration & Production
Upstream spending cut by $285 billion in two years
The sector will struggle to recover to pre-pandemic levels as it grapples with the pandemic
Posted inExploration & Production
Oil rises on positive demand outlook and US pipeline headache
Oil prices rose today as the market focused on positive demand forecasts for the year and as the Colonial pipeline headache still takes some time to be resolved
Posted inExploration & Production
Oil rises as a US pipeline hack hides the effect of the pandemic’s spread in Asia
Oil prices rose on Monday as a cyberattack on key pipeline infrastructure in the US made up for bearish news over the pandemic’s further spread in Asia
Posted inExploration & Production
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
Posted inExploration & Production
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
Posted inDRILLING & PRODUCTION
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
Posted inProducts & Services
An expenditure splash of $810 billion is expected for the offshore wind industry this decade
The cumulative installed capacity of global offshore wind projects climbed to 33 GW in 2020
Posted inDRILLING & PRODUCTION
India’s Covid-19 nightmare set to balloon global oil liquids supply glut to over 1.4 million bpd
As India’s backstep coincides with OPEC+ bringing back much of its curtailed oil output, the demand loss from one of the world’s largest oil consumers will result in a global oil liquids supply surplus of 0.9 million bpd in April