Special reports

Oil prices kept their healthy levels on Friday as the market is realising that supply is getting tighter compared to the recovering demand, with the first indications evident on Saudi deliveries.

Rystad Energy analysis shows that the world’s top oil and gas employer, China, lost only 5.3% of its massive workforce. The toll in the US was more devastating, estimated at 11.1%, thereby faring worse than its European peers and Russia.

The new partnership will see AGSL and SAMH work together to promote and raise awareness of the mental health cause, and the support SAMH offers to individuals throughout Scotland.

Oil prices continue to rise as the previous day’s OPEC+ meeting paved the way for stock draws and surprised the market.

From the beginning of 2021 and up until the end of 2025, Rystad Energy’s exact forecast is for 592 commitments, with growth across all water depth levels.

With International Women’s Day approaching, Janette Marx, CEO at Airswift, has commented on the progress the energy sector has made on diversity.

Oil prices stated the day with optimism after several days of trimming February gains, as markets hope for positive news from this month’s coming OPEC+ meeting.

Haavard Oestensen, Head of Growth, Digital Energy, Kongsberg Digital, explains why capable digital twin solution providers enable operators to take significant strides towards becoming data-driven and digitally enabled.

Oil prices started the week boosted by the US stimulus bill that the US House of Representatives passed but a risk of bearish developments could trim gains going forward.

The US will account for 70% of the total projects expected to start operations by 2025, according to GlobalData.

Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, and its Head of Shale Research, Artem Abramov, have commented on today's oil prices and on US oil production respectively.

While precise crude oil production figures are not available, 20% of lower 48 US natural gas production has been shut-in in the first half of February. An equivalent 20% cut in lower 48 US crude oil production would imply a production drop of around 2 – 2.2 million bpd of output, but this could prove to be even higher – perhaps as high as 4 million bpd.

Oil prices have jumped as the extreme cold weather the US is experiencing is impacting oil production, but refinery outages are limiting the price ascent.

Oil prices have jumped again as cold weather causes US supply growth slowdown, in addition to an overall bullish market sentiment.

Oil prices rose on Friday, supported by Saudi Aramco’s selling prices and an overall market confidence that storage draws and tight OPEC+ supply inspire. But a correction may soon be due.