Reports

The Death Of U.S. Oil

It’s game-over for most of the U.S. oil industry.

The 20 Minutes That Broke the U.S. Oil Market

It was evident from the very beginning on April 20 that the oil market was headed for trouble.

Oil Steadies After Dramatic Week That Saw It Plunge Below Zero

After a dramatic week that saw prices plunge below zero for the first time in history, oil continued to claw back losses as attention turned to output cuts in response to the demand hit from coronavirus lockdowns.

Netflix now worth more than ExxonMobil as value reaches $196bn

ExxonMobil and other oil giants, including the UK firms BP and Royal Dutch Shell, have seen their share prices tumble as demand slumped to the lowest level in 25 years.

Will Historic OPEC+ Cuts Work? Oil Timespreads Say Maybe Not

Oil timespreads are showing the opposite of what was expected after a historic deal among global producers to slash output.

U.S. crude storage to fill by a third as production continues strong

At current filling rates, a third of available crude storage capacity in the U.S. will already be filled in April, a Rystad Energy analysis shows.

The Natural Gas Glut Moves Offshore

Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks.

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.