Oil prices are ticking up today on trader hopes that OPEC+ may address India’s demand destruction with supply policy amendments in its coming meeting
rystad energy
Posted inDRILLING & PRODUCTION
US gas production to hit record levels in 2022: Rystad Energy
A closer look at Haynesville and Appalachia reveals records and a risk
Posted inDRILLING & PRODUCTION
Oil demand to peak at 101.6 million bpd in 2026: Rystad Energy
The revised peak is earlier than the company’s previous forecast
Posted inDRILLING & PRODUCTION
Oil up on Libya budget rift and US crude stocks expectations
Oil prices rose on Tuesday as a result of a force majeure on exports from Libya’s Hariga port and on expectations that crude inventories fell last week in the US
Posted inDRILLING & PRODUCTION
Oil lightly trims but holds on to this week’s gains, on demand positivity and US inventories dip
Oil prices kept most of the previous day’s gains, only trimming excesses, as the market is up on demand positivity and a recent surprise dip in US crude stocks
Posted inDRILLING & PRODUCTION
Oil rises on expectations for an uptick in demand later in 2021
Oil prices rose on Wednesday as traders priced in forecasts that demand will increase later this year, feeding a bullish market reaction
Posted inDRILLING & PRODUCTION
Permian oil output set to grow in Q2: Rystad Energy
With fracking at a 12-month high and flaring at the lowest level since 2017, Permian output is set for a boost
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Oil turbulent as Covid-19 infections and US stocks battle against positive economic data
Oil prices swing from gains to losses today amid the Covid-19 infections growth, US stocks surprises and some positive economic data
Posted inDRILLING & PRODUCTION
Analysis: OPEC+ scales back production cuts, is it too early?
While demand is expected to grow over the summer, the decision by OPEC+ could have been influenced by other motives
Posted inDRILLING & PRODUCTION
Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030
Rystad Energy estimates that robotic drilling systems could bring cost savings of more than $7 billion in wages in the US alone