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Upstream news updates

 

More oil news updates

 
 
 
 

IEA revises downwards 2021 oil demand

The IEA has revised down its forecast for global oil demand by 0.6 million bpd for 1Q21 and 0.3 million bpd for 2021 as a whole.

 

Deep Casing Tools secures new investment

Oil and gas technology development company Deep Casing Tools has secured investment of £1.6 million from Scottish Enterprise and its long-term backer, EV Private Equity.