Oil price news

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the energy employment market over the past two years, global oil prices are now around the level where demand for talent looks set to pick up again.

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast from the International Energy Agency.

In the wake of Brexit, the Paris Agreement, Donald Trump’s election and with further political and economic milestones ahead, International Petroleum (IP) Week 2017 will assess the future impact of these events on the global oil and gas sector.

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry.

Marina Ivanova, Douglas-Westwood, UK, gives an insight into the long term opportunities for the upstream industry.

US crude oil proved reserves declined by 4.7 billion bbls and natural gas proved reserves declined by 64.5 trillion cubic feet.