Bjornar Tonhaugen, head of oil market research at Rystad Energy, comments on what to expect in Apriil
As demand for crude oil falls and storage tanks around the world fill up, is storing crude oil on vessels really the answer?
Global capex for exploration and production is expected to drop by up to $100 billion
Wood Mackenzie analyses current market conditions, with oil supply most at risk of shut-in with falling demand and prices
With the ongoing coronavirus pandemic and crash in oil price, oilfield services will be hugely impacted, according to a report by Rystad Energy
What does it mean to be a flexible manufacturer? Flexibility is about speed to adapt. It’s about creating a seamless flow from need to delivery, decision to implementation and challenge to solution.
Critical infrastructure needs to be maintained with limited personnel, and employees need to work remotely
If price of Brent crude averages around $30 per barrel in 2020, Rystad Energy estimates that total project sanctioning will be reduced to just $61 billion
A report by Rystad Energy found that an imbalance of 10 million barrels per day would hit the market in April
Saxo Bank head of commodity strategy Ole Hansen comments on the coronavirus and the oil market
Economists from S&P Global estimate GDP growth at 1% to 1.5% in 2020, with risks on the downside
The coronavirus is causing many companies to rethink the role of autonomous drones in their operations
Financial markets are seizing up, throwing a wet blanket on new chemical investment and M&A activity, and ratcheting up the risk of a global recession
$20 oil possible as OPEC+ could unleash an extra 2.5 million barrels per day
A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International