Thursday, June 19, 2025
Offshore market up 17% to highest level for 7 years, Clarksons Research shows- oil and gas 360

Offshore market up 17% to highest level for 7 years, Clarksons Research shows

World Oil Half-year data points for the offshore market released by Clarksons Research, profiling improving activity, utilization and day rates across the offshore oil and gas market, show the overall index is up 17%.   Reviewing the data, Steve Gordon, Managing Director of Clarksons Research, commented: Overall Index up 17% in 1H to highest level for seven years … Offshore markets

Oil rises on Saudi oil production expectations- oil and gas 360

Oil rises on Saudi oil production expectations

Reuters LONDON :Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, with further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated. Brent crude futures for September delivery rose 76 cents, or 0.77per cent, to US$99.86 a barrel by 0929 GMT while