Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand

A fifth of global demand for oil will disappear this quarter. All three of the major forecasting agencies now agree that the world faces its biggest-ever slump in oil consumption, after governments imposed movement restrictions on billions of people to combat the coronavirus

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Remote work technology: The one services segment that has benefited, says Rystad Energy

There are no hard numbers yet to illustrate the extent to which the COVID-19 pandemic has affected the oil and gas industry’s digitisation. However, a Rystad Energy analysis of service companies’ earnings calls reveals a clear growth in cost-saving remote work technologies.

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Total aims to get to net zero emissions by 2050

France’s Total announced its ambition to get to net-zero emissions by 2050 across its global business, production and energy products used by its customers.

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The Death Of U.S. Oil

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

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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.

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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.

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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.

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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.

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