Oil prices continue to rise
Oil prices rose today on indications that supply has been sufficiently curtailed to balance demand and on news that US storage filling levels have dropped.
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Oil prices stabilising
Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
Coronavirus puts greater focus on oil and gas physical security technology
Chris Keane, Genasys, explains why Covid-19 has meant the importance of implementing advanced oil and natural gas physical security technology can’t be overstated.
Oil prices rise again in response to declining supply, improving demand
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
What does it mean to be compliant?
James Steven, DNV GL, explains why ‘being compliant’ has much deeper resonance and reverberations for the global oil and gas sector and goes way beyond a tick box exercise.
Brent and WTI oil prices rise above US$30 a barrel
Oil prices rose this morning as governments lift lockdown measures and demand increases around the world.
OFS stocks lose half their value since start of 2020
A Rystad Energy analysis reveals that stocks in oilfield services companies have collectively lost half their value since the beginning of 2020.
Brent stabilises above US$30
Oil prices rose this morning, stabilising above US$30 Brent, as traders welcomed a hinted demand recovery and saw a slight decrease in US stock builds.
DNV GL report finds hydrogen now central to industry's decarbonisation efforts
21% of senior oil and gas industry professionals say their organisation is already actively entering the hydrogen market, according to a new report published by DNV GL.
IEA publishes May 2020 Oil Market report
The IEA has adjusted its global 2Q20 demand prediction upwards by 3.2 million bpd – still sharply down on last year by 19.9 million bpd.
Oil prices gain on stock build relief
Oil prices rose this morning as US onshore stock builds fell for the first time since January.
US shut-ins to reach at least 2 million bpd in June, predicts Rystad Energy
A Rystad Energy analysis shows that gross US cuts could reach at least 2 million bpd in June, including liquids.
Oil prices fall in response to second Covid-19 wave fears
Oil prices fell this morning as traders curbed their enthusiasm about new cuts from the Middle East, due to an emerging possibility of increased lockdown periods fearing a possible second Covid-19 wave.
Rystad Energy: Covid-19 causes largest-ever horizontal rig count fall in US
The total horizontal oil rig count fell below 270 rigs last week, a 57% decline from the peak of 624 rigs seen in the middle of March 2020.
Oil rises on promise of more production cuts
Oil prices rose this morning as Saudi Arabia’s move, accompanied by Kuwait and the UAE, to expand production cuts boosted the market’s confidence.