Tag Archives: Rystad Energy

The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel production even as global demand for energy continues to fall due to the Covid-19 pandemic. Oil storage levels across the world’s storage facilities have climbed to about three-quarters …

More than 200 small- and medium-sized oilfield services operators in Europe, or 20 percent of all European oilfield services firm, could go bust as the coronavirus epidemic will hit the market hard and wipe out US$5 billion worth of orders, Rystad Energy said in a new impact analysis. Most of …

Chinese oil demand accounted for 13% of the global total in 2019.

The challenge for OPEC+ is the strong supply growth elsewhere in the world.

The US is set to account for 61 percent of all new oil and gas production over the next decade.

Russia has traditionally been Europe’s main gas supplier.

OPEC+ account for nearly 49 million of the 84 million bpd of global crude.

This is a signal of Aramco’s intent to become a global gas player and develop a broad LNG portfolio.

US LNG is a competitor to Australia. so the tariffs work to take Australia'.s main competitor out of the market.

Rystad expects North Sea oil production to drop to 2.28 million bpd with 462 000 bpd lost due to outages.