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Organization of the Petroleum Exporting Countries (OPEC)

Crude prices dropped 2% to three-month lows as the death toll from China’s coronavirus grew, clamping down on travel and fueling expectations of slowing oil demand. Read more

Commodities

This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Read more

Refining & Petrochemical Processing

Oil rose as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets. Read more

Commodities

Oil prices slipped on concerns that the U.S./China Phase 1 trade deal may not provide much of a demand boost because the United States intends to keep tariffs on Chinese goods until a second phase deal. Read more

Commodities

The 14-country OPEC bloc, Russia, and a host of other OPEC+ countries agreed on 6 December 2019 to bump up the group’s target oil-production cuts by just over half a million barrels per day. Read more

Commodities

Oil prices were little changed as Russia said an OPEC-led producer group may consider easing output cuts next year. Read more

Commodities

Oil prices fell on Wednesday after U.S. industry data showed a surprise build-up in crude inventories. Read more

Commodities

Oil rose further above $65 a barrel, supported by hopes that the U.S.-China trade deal will bolster oil demand in 2020 and the prospect of lower U.S. crude supplies. Read more

Commodities

Oil prices rose recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy. Read more

Commodities

Oil prices dropped for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Read more

Commodities

Oil prices steadied on Friday and were set for weekly gains ahead of a meeting of OPEC and its allies later in the day which is expected to formally agree to more output cuts in early 2020. Read more

Commodities

North American shale supply will continue growing even in an environment with lower oil prices. Read more

Commodities

Rystad Energy predicts that total non-OPEC production (crude oil and condensate) will grow by around 2.26 million barrels per day (bpd) in 2020. Read more

Drilling & Exploration

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles. Read more

Commodities

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. Read more

Commodities

The current agreement is for a production cut of 1.2 million bpd until the end of March. Read more

Commodities

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030. Read more

Commodities

Oil rose nearly 2% on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. Read more

Commodities

Unplanned outages in major non-OPEC oil producers such as the United States, Russia, and Canada have abated. Read more

Drilling & Exploration

Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth Read more

Maintenance & Reliability