Oil prices up on new US era enthusiasm and crude stocks relief expectations
Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.
Special reports
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.
Wood Mackenzie assesses what Biden administration means for China and Asia Pacific
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.
Oil prices steady as Covid-19 concerns offset by positive Chinese economic data
Oil prices are steady after early losses, as traders put hopes on China’s economy, a positive note against renewed Covid-19 concerns.
Total ends membership of API
Total has said that API's climate positions were only "partially aligned" with its own.
EIA expects US fossil fuel production to increase through 2022
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
FPP use renewable energy to support oil and gas facilities
The clean-tech company has endeavoured to make the oil and gas industry greener, through experimenting with using floating wind and wave energy to power oil and gas facilities.
McKinsey research indicates aggregate fossil fuel demand set to peak in 2027
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.
Safety and planning must be embraced in 2021
Will Dunn, Lifting Equipment Store, argues that while the challenging circumstances created by COVID-19 have brought extreme pressure on offshore and onshore production and storage facilities to maintain top levels of safety and resilience the industry cannot let focus slip.
More Special reports news
Oil gains trimmed as market gets rationalised
Oil prices fell on Thursday, trimming excess gains as the impact of increasing Covid-19 infections to oil demand sinks in.
Three hot energy trends for 2021
Vicki Knott, Crux OCM, predicts the key trends that will shape energy markets in 2021.
Oil gains on market tightness but gains are at risk as Covid-19 infections rise
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.
Shifting compression subsea - part two
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 rises on low supply confidence
Oil prices gained on Tuesday, squeezing the last dollar cents from optimism the promised Saudi cut and the OPEC meeting created last week.
Survey finds 78% of oil and gas professionals feel less secure in their jobs than a year ago
The fifth annual Global Energy Talent Index has been released, showing that the COVID-19 pandemic has ushered in a crisis of confidence for the oil and gas workforce.