Highlights Sees ‘short-cycle activity resurgence’ in 2022 Long-cycle projects also gain momentum Strong growth expected in offshore markets Recovery from the coronavirus pandemic continues to improve the energy landscape, as Continue Reading
The active rig count increased in the week ending Jan. 19 in every major US oil and gas shale basin barring the Utica as operators take advantage of high prices Continue Reading
Highlights Midland, Texas low temperature forecast to dip below 20F Waha cash price falls 83 cents on Jan 20 to $3.86/MMBtu Balmo, February forwards markets price in Waha premium Low Continue Reading
BP and Rosneft were the only companies to have delivered over 1 billion barrels of oil equivalent in discoveries last year due to their exposure in Russia which yielded 48 Continue Reading
While sentiment and intent can heavily influence oil markets, it is the fundamentals that ultimately shape them When it comes to U.S. shale production and investment, those fundamentals are increasingly Continue Reading
Crude oil production in the Permian shale play reached a record-high last month, averaging 4.92 million bpd, the Energy Information Administration reported in the latest edition of its Drilling Productivity Continue Reading
Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up Continue Reading
The IEA raised projections for global oil demand by 200,000 barrels a day for both 2021 and 2022. Global oil markets look tighter than previously thought as demand suffers surprisingly Continue Reading
The EIA is expecting a supply crunch in oil markets as demand continues to grow, a scenario which could push oil prices higher. OPEC, on the other hand, is predicting Continue Reading
Spare capacity will be uncomfortably low by H2 if production hikes persist Iran nuclear deal, Russia-West relations, Libya political chaos key risks 70 incidents observed since 2017, according to Platts Continue Reading
