Tag Archives: Rystad Energy

The momentum-building global expansion of wind and solar power plant could be stymied for at least year as government restrictions on movement impact construction timeframes and foreign exchanges market contract around the world, according to new forecast by Rystad Energy. The Norwegian analyst group calculates growth in newly commissioned renewables …

Global oil demand is forecast to decline by 4.9% in 2020, compared to the previous year, Norway-based energy research center Rystad Energy said in a statement on Wednesday. Oil demand around the world is estimated to decrease by 4.9 million barrels per day (bpd) to reach 95 million bpd, from …

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.