Reports

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.

Satellite images reveal huge amounts of methane leaking from U.S. oil fields

Oil and gas operations in the Permian Basin, the largest oil-producing area in the United States, are spewing more than twice the amount of methane emissions into the atmosphere than previously thought

Covid-19 Blows a $400 Billion Hole in Global Energy

Covid-19 has blown a $400 billion hole in global energy. How we fix it will determine our success or failure versus that other implacable force of nature: climate change.

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