Reports

OPEC+ Cuts Are Weighing On Russia’s Economy

Industrial output in Russia fell last month, largely as a result of the crude oil production cuts that Russian oil companies had to implement following the April agreement by OPEC+ to remove a combined 9.7 million bpd from the global market.

Midstream Oil Companies Are Beginning To Feel The Pinch

The midstream sector will not be able to offset the lower volume throughput and crash in prices fully, the rating agency said, changing its outlook on the global midstream energy sector to "negative" from "stable" for the first time.

The Oil Price Rally May Have Gone Too Far

Oil prices are set for their first weekly loss in over a month as a jump in COVID-19 cases threaten the economic recovery while oil supply continues to come back online.

Why Saudi Arabia will lose the next oil price war

The latest oil price war has done tremendous damage to the Saudi economy, and has significantly deteriorated the kingdom’s relationship with the US.

Decline in natural gas demand may take years to reset

The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that’s likely to hamper the industry’s growth for years to come.

Underperforming offshore wells rack up over $100 billion in abandonment liabilities worldwide

Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap.

Oil price slide continues on OPEC+ strife, questionable demand data

Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery.

COVID-19 Drives Reserves of Global Oil and Gas Assets for Sale Up

Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.