OPEC news
Nigeria delays oil export plans
Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output.
Oil prices stabilise but storage crisis approaches
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has supplied a daily market comment, as oil prices rose slightly today before returning to flatter levels with marginal deviations.
Rystad Energy comments on effect of OPEC+ deal on oil prices
The world's leading oil producers reached a deal over the weekend to cut global output by approximately 10%.
Rystad Energy: in OPEC+ poker game, Russia holds better cards than Saudi Arabia
In the event of another deadlocked meeting on 6 April, Saudi Arabia will suffer a bigger hit than Russia with regards to the impact on oil and gas revenues, fiscal breakeven price, fiscal deficit and foreign currency reserves, budget deficits and domestic policy.
Rystad Energy: 3 million bpd of extra oil could enter market from April
The oil price is soon expected to slide even lower once the extra supply becomes available from April.
Rystad Energy: oil prices could fall into low US$20s
Oil prices could fall into the low US$20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months.
Russia-Saudi Arabia price war could slash US$250 billion off E&P budgets, predict Rystad Energy
The price war will heavily impact service company revenues, even driving some out of the market, according to Rystad Energy.
Rystad Energy: coronavirus poised to wipe out majority of 2020 oil demand growth
Rystad Energy now expects more than half of global oil demand growth to be lost in 2020.
US EIA: Crude oil prices were generally lower in 2019 than in 2018
Compared with recent years, both crude oil prices traded within relatively narrow price ranges throughout the year.
ESAI Energy: demand not inventories should drive OPEC+ decision
In an excerpt from its Global Crude Oil Outlook, ESAI Energy argues that inventories should not be used to justify further production restraint.