Rystad Energy

Latest articles from Rystad Energy

• Oil And Fuel Demand Set To Plummet In April

  Published 01 April 2020 | viewed 12,522 times

  Global oil demand: In another consecutive revision of our weekly estimates, our newest forecast for oil demand now projects a decrease of 6.4 percent for…

• Oil Industry Spending To Drop By $100 Billion This Year

  Published 30 March 2020 | viewed 13,198 times

  Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to drop by up to $100 billion this year, about 17% versus 2019…

• The Oil Glut Is About To Get Even Worse

  Published 26 March 2020 | viewed 42,194 times

  With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day…

• Canada Braces For Oil Cuts As Storage Nears Limit

  Published 23 March 2020 | viewed 73,430 times

  The Covid-19 virus and the ongoing oil price war have created such a large global supply surplus that Western Canada’s oil production will need to…

• Foreign Coal Producers Get Boost From Coronavirus

  Published 21 March 2020 | viewed 47,485 times

  The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked…

• Tanker Rates Explode As Markets Brace For Record Oil Glut

  Published 20 March 2020 | viewed 35,214 times

  The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an…

• European Gas Demand Growth To Crash On 'Lockdown' Fears

  Published 19 March 2020 | viewed 9,651 times

  European gas demand in 2020 is likely to drop by 0.7 percent compared to our pre-coronavirus forecast, according to Rystad Energy’s most likely scenario. Growth…

• The First Casualty Of Tanking Oil Prices

  Published 09 March 2020 | viewed 82,853 times

  In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled but…

• Oil Price Forecasts Take A Turn For The Worst

  Published 27 February 2020 | viewed 48,197 times

  As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers…

• Indonesia’s Oil Output Expected To Fall In 2020

  Published 20 February 2020 | viewed 9,604 times

  Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy analysis shows, despite the country’s official projections of a…

• Global Oil Inventories Set To Soar As OPEC Fails To Take Action

  Published 13 February 2020 | viewed 20,131 times

  The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels…

• Why China Shuns U.S. LNG Despite Trade Deal

  Published 12 February 2020 | viewed 26,461 times

  An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a…

• Global Oil Demand Growth Is Evaporating

  Published 11 February 2020 | viewed 19,270 times

  The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing…

• Guyana’s Economic Growth Jumps As Oil Production Soars

  Published 05 February 2020 | viewed 26,260 times

  The economic fortunes of Guyana, with a population of only around 800,000, are poised for a major transformation after its first-ever oil development commenced production…

• Is Iraq Too Risky For Oil Majors?

  Published 16 January 2020 | viewed 12,880 times

  The US and Iran seem to be have stepped back from the brink of armed conflict, at least for now, but many oil and gas…

• Is This The Start Of A New Offshore Oil & Gas Boom?

  Published 14 January 2020 | viewed 35,720 times

  In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we…

• Oil Prices Are Set To Slide Even Further

  Published 12 January 2020 | viewed 83,969 times

  Oil prices have had a tumultuous week since the US launched a drone attack in Baghdad, killing Iranian General Qassem Soleimani. With tensions peaking after…

• Operating Costs In Oil & Gas Are Falling Globally And This Country Is Leading

  Published 09 January 2020 | viewed 33,864 times

  Operational production costs in the oil and gas industry have fallen across the globe, with the United Kingdom emerging as a cost-cutting powerhouse among global…

• Global Oil And Gas Discoveries Hit Four-Year High

  Published 09 January 2020 | viewed 15,362 times

  The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according…

• This Exploration Blind Spot Offers Great Promise

  Published 10 December 2019 | viewed 6,632 times

  Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around…