US oil output will not recover pre-Covid-19 levels until 2022, says Rystad Energy
US monthly output is not likely to exceed 11.7 million bpd before 2022, according to Rystad Energy estimates.
Special reports - 27 May 2020
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IEA: Covid-19 causing biggest fall in global energy investment
Global investment is expected to plummet by 20%, or almost US$400 billion, compared with last year, according to the IEA’s World Energy Investment 2020 report.
Oil eases on supply recovery concerns
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.