Reports

Over a million oilfield services job cuts seen in 2020

More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows.

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Research shows current oil price collapse near record proportions

The oil price collapse of the last two weeks has reached near-record territory, according to World Oil’s analysis of historical prices in constant dollars.

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Oil’s demand plunge doing more damage than the price war

Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right?

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The U.S. Must Protect Free Markets in the Oil Price War

Texas is poised to benefit from stabilizing global supply, but it needs the federal government to make a deal.

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Oil steadies after testing new lows as coronavirus chaos intensifies

Oil prices steadied on Wednesday after slipping to new four-year lows, sapped by fears for fuel demand and the global economy amid travel and social lockdowns triggered by the coronavirus epidemic.

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In Saudi-Russia Price War, the Big Winners Are Oil Traders

Saudi Arabia and Russia’s price war is handing over a multi-billion dollar profit opportunity to the world’s largest oil traders.

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The Middle East’s gas market has experienced dramatic growth in the past decade.

The natural gas market in the Middle East is experiencing a substantial growth phase, with its cost of supply remaining competitive in the long-term despite shale revolution.

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Exploring potential of robotics in the oil and gas industry

strategic initiative to explore how robotics systems can be used to make offshore operations safer

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