Post Tagged with: "Rystad Energy"

Source: Billings Gazette

Pipeline doubts put Bakken shale reboot on hold

Reuters


Publisher’s Note: Northern Oil and Gas will be presenting at The Oil and Gas Conference on August 17-19, 2020, 1 x 1 investor meetings are open, schedule your meeting with NOG now.

North Dakota oil producers face new pressures …

Source: Reuters

Global natural gas production to fall by 2.6% this year: Rystad Energy

Reuters


LONDON – Global natural gas output is set to fall by 2.6% this year because of the impact of the COVID-19 pandemic, after previously being expected to grow, consultancy Rystad Energy said on Tuesday.

Rystad Energy had expected total …

June 23, 2020 - 1:30 pm Closing Bell Story‎, Energy News, Natural Gas News
Source: CNBC

Oil jumps nearly 90% in May to $35, registering best month on record

CNBC


Oil jumped more than 5% on Friday, the last trading day of the month, capping off its best month in history as an uptick in demand as well as record supply cuts pushed prices higher. West Texas Intermediate,

Source: CNBC

Oil falls on U.S.-China tensions over Hong Kong

CNBC


Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong.

A potential deterioration in relations between the world’s two biggest economies could ratchet …

May 27, 2020 - 11:00 am China, Closing Bell Story‎, Crude Oil News, Energy News, OPEC
OPEC oil production to decline by 2.7 million bpd in 2020 as a resuf new OPEC+ agreement

OPEC oil production to decline by 2.7 million bpd in 2020 as a resuf new OPEC+ agreement

Rystad Energy


Given the recent agreement reached by OPEC+, OPEC countries are now expected to decrease oil production by 2.7 million bpd in 2020  with Saudi Arabia to contribute a cut of around 500,000 bpd on average for the full …

Source: CNBC

Oil drops 2%, snapping five-day winning streak in volatile trading session

CNBC


Oil prices dropped on Wednesday, snapping a five-session winning streak, as oversupply concerns outweighed optimism over economies reopening.

West Texas Intermediate, the U.S. benchmark, shed 2.3%, or 57 cents, to settle at $23.99 per barrel. In a volatile …

Source: CNBC

Oil jumps 18% in fifth day of gains on demand recovery and production cuts

CNBC


Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher.

West Texas Intermediate, the U.S. benchmark, jumped 18.2%, or $3.72, to …

Source: CNBC

Oil and gas companies set to lose $1 trillion in revenues this year

CNBC


Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, according to analysis by research firm Rystad Energy.

The E&P industry, which includes oil majors, made $2.47 …

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

Rystad Energy


US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of …

Source: CNBC

Oil jumps 22% on smaller-than-expected inventory build, optimism around reopening economies

CNBC


Oil prices jumped more than 20% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.

West Texas Intermediate for June delivery surged …

Source: CNBC

Six US oil firms are expected to shut 300,000 barrels per day of production in May and June

CNBC


U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world’s number one oil producer.

 

Six major U.S. shale producers are expected …

Source: CNBC

Since 2000, here’s where Dow, S&P 500 trade one month after wild moves in energy

CNBC


It may seem like ancient market history already, but last Friday the S&P 500 energy sector surged by more than 10%. By Monday the unprecedented drop in oil futures had sent a barrel of crude into negative territory, which …

Source: Reuters

Whether OPEC+ formally agrees, deeper oil cuts now look inevitable

Reuters


LONDON – Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.

With crude consumption collapsing, the Organization …

April 22, 2020 - 10:07 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, OPEC
Offshore drillers to see contract cancellations of up to $3 billion until 2021

Offshore drillers to see contract cancellations of up to $3 billion until 2021

Oil&Gas


The estimated contract value in 2020-2021 is $30 billion in total

The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last two months, and offshore drilling in particular is among the most …

Source: Reuters

Should President Trump take immediate executive action on Russian, Saudi & OPEC oil imports?

Oil & Gas 360


Should President Trump Take Immediate Executive Action on Russian, Saudi & OPEC Oil Imports?

Yes. This is a “Just Do It” moment for President Trump.

On March 17th I co-authored and article with Daniel Turner …

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020

Covid-19 and oil price war could derail two-thirds of the world’s oil & gas project sanctioning in 2020


The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development

March 25, 2020 - 2:30 pm Closing Bell Story‎, Energy News, International
Source: Houston Chronicle

Oil falls to nearly $24, its lowest price since 2002

Houston Chronicle


The price of oil collapsed Wednesday to about $24 a barrel, past the trough of the most recent oil bust and to its lowest level in nearly two decades.

West Texas Intermediate crude was trading at $24.43 a …

Coronavirus to more than halve forecast for oil demand growth this year – Rystad Energy

Coronavirus to more than halve forecast for oil demand growth this year – Rystad Energy

Reuters


OSLO  – The coronavirus outbreak will cut growth in global oil demand by more than half this year compared to earlier forecasts, Norway’s biggest independent energy consultancy Rystad Energy predicted on Thursday.

Oslo-based Rystad now predicts global oil demand …

March 5, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Houston Chronicle

Texas oil production expected to rise, but at a slower pace

Houston Chronicle


Texas oil production is expected to rise each month this year but the growth rate is expected to slow, Norwegian energy research firm Rystad Energy said Tuesday in a report.

Oil production from Texas wells increased to an …

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

From Bloomberg


Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North …