Oil eases on supply recovery concerns
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.
Browse the latest special reports news and articles.
Although at a stable overall level, oil prices fell this morning on concerns over the coming production recovery and if it will again move supply to higher levels than demand justifies.
Oil prices rose this morning on indications that the global oil market is getting balanced soon, as supply cuts seem to meet the gradual demand rebound.
Oil prices fell today as traders corrected the high levels that consecutive boosts created in previous days.
Despite the recent relative oil price recovery, dozens of US operators are still threatened by bankruptcies even at a WTI oil price of US$30/bbl, according to Rystad Energy.
Oil prices rose today on indications that supply has been sufficiently curtailed to balance demand and on news that US storage filling levels have dropped.
Oil prices have reached stable levels and are staying in the more comfortable US$30-35 range.
Chris Keane, Genasys, explains why Covid-19 has meant the importance of implementing advanced oil and natural gas physical security technology can’t be overstated.
Oil prices rose again this morning as the promised production cuts seem to be realised and on signs that demand is indeed picking up globally.
James Steven, DNV GL, explains why ‘being compliant’ has much deeper resonance and reverberations for the global oil and gas sector and goes way beyond a tick box exercise.
Oil prices rose this morning as governments lift lockdown measures and demand increases around the world.
A Rystad Energy analysis reveals that stocks in oilfield services companies have collectively lost half their value since the beginning of 2020.
Oil prices rose this morning, stabilising above US$30 Brent, as traders welcomed a hinted demand recovery and saw a slight decrease in US stock builds.