Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.
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.
As Joe Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.
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Oil prices fell on Thursday, trimming excess gains as the impact of increasing Covid-19 infections to oil demand sinks in.
Oil prices rose on Wednesday, boosted by expectations that Saudi Arabia’s extra cuts will create a tight market, but there is a downside Covid-19 risk as infections rise.
In the second part of a two-part article, Alexandre de Rougemont, MAN Energy Solutions, continues his exploration of how a joint venture between Aker Solutions and MAN Energy Solutions is supplying a modular subsea compressor system that is set to increase efficiency, reduce energy use and improve performance.
Oil prices gained on Tuesday, squeezing the last dollar cents from optimism the promised Saudi cut and the OPEC meeting created last week.