Oil prices plunge as market corrects itself to meet Covid-19 reality
Oil prices continued their free fall for a second day in a row as the market finally corrected itself, pricing in the full impact of a second wave of Covid-19.
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Oil prices continued their free fall for a second day in a row as the market finally corrected itself, pricing in the full impact of a second wave of Covid-19.
Oil prices, after a long period of enjoying +US$40 levels, finally fell below the threshold.
The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea. The issue then moves on to cover Drilling Technologies, Deepwater Operations, Flow Control, and more.
Oil prices rose today as US production is hit by yet another hurricane, but the gains may prove to be short-lived due to the worsening Covid-19 pandemic.
Oil prices remained mostly unchanged on Friday, despite an overall bearish sentiment caused by the pandemic, with the only bullish note coming from Russia.
Oil prices fell today as a projected rise in US crude oil inventories raised concerns in the market that the supply-demand balance is deteriorating.
Westwood Global Energy Group has published a note giving a preliminary assessment of the deal from each company’s perspective and the outlook for the merged company and the wider North Sea M&A market.
Oil prices have swung towards both sides today, due to the uncertainty that the OPEC+ meeting created, and as the US election is coming closer and closer.
Westwood Global Energy has published a note giving a preliminary assessment of the deal from each company’s perspective and the outlook for the merged company and the wider North Sea M&A market.
Oil prices fell today on bearish Covid-19 news, but anticipation of the OPEC+ meeting and crude inventory draws still provide support.
OPEC's Secretary General has said that the OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November.
Oil prices are fluctuating around Tuesday’s levels today on mixed signals from the IEA and on anticipation of the OPEC+ upcoming meeting.