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Organization of the Petroleum Exporting Countries (OPEC)

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

The price of Brent is still up 10 percent this year thanks to supply cuts led by the Organization of the Petroleum Exporting Countries and allies such as Russia, a group known as OPEC+. Read more

Commodities

Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked to the new IMO shipping fuel regulations. Read more

Commodities

OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Read more

Commodities

Unplanned crude oil production outages for the Organization of the Petroleum Exporting Countries (OPEC) averaged 2.5 million barrels per day (b/d) in the first half of 2019. Read more

Plant Management & Operations

Oil prices eased off early gains on Thursday as OPEC forecast slower demand for its crude next year, but crude futures hovered at near the highest in more than a month as oil rigs in the Gulf of Mexico were evacuated ahead of a storm. Read more

Commodities

Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington. Read more

Commodities

Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output. Read more

Commodities

The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices. Read more

Commodities

U.S. crude oil imports from OPEC members have generally fallen over the previous decade as domestic crude oil production has increased. Read more

Commodities

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Read more

Refining & Petrochemical Processing

Oil prices fell on Thursday on fears of a global economic slowdown due to a U.S.-China trade war but losses were capped by a tightening crude market and rising political tensions in the Middle East. Read more

Commodities

Oil prices fell in volatile trade on Wednesday, weighed down by equity markets as China signaled readiness to escalate the trade war with the United States, stoking concerns that an ongoing stand-off could hurt demand. Read more

Commodities

Oil rose towards $69 a barrel on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year. Read more

Commodities

Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran. Read more

Commodities

Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Read more

Commodities

U.S. crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade. Read more

Commodities

The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday. Read more

Commodities

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