WorldOil Perception of female engineers has improved considerably over the years, says DNV’s Moyo “Traditionally the energy industry was male-dominated, and the balance is being re-addressed. I think we need to make engineering an attractive option for all genders. In that way, diversity of thought will shine through,” said Anna Moyo, Senior Approval Engineer at DNV in Aberdeen, Scotland. Tendeka’s Stewart sees increase in female upstream engineers, but more could be utilized “There is still a significant gender imbalance when it comes to engineering graduates. So, for me, the change in mindset needs to happen in early education, so that more females are choosing to major in engineering,” said Suzanne Stewart, Vice President for Technology at Tendeka. Oil futures spread hits seven-year high as U.S. crude inventories shrink A key spread between monthly oil futures contracts has blown out to the widest level in seven years as traders bet that U.S. crude inventories are about to get a whole lot tighter. OPEC discusses August crude output hike as oil markets tighten Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential supply hike in August, although specific numbers haven’t been mentioned. Exxon plans to annually cull up to 10% of U.S. office jobs for next several years Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter. Bank of America projects 2022 oil prices near $100 on growing travel demand Global oil consumption will continue to outstrip supply in 2022 as the economic recovery from the pandemic boosts fuel consumption, while investment in new crude production is crimped by environmental concerns, the bank said in a report. WTI crude nears Brent valuation as U.S. oil demand accelerates As little as 18 months ago, it would have been unthinkable, but transformation of oil markets post-pandemic is already having ramifications on crude pricing and international trading patterns. Saudis warn an oil price surge could follow reduced global crude exploration A new supercycle in global oil prices could be triggered by a lack of new investments in exploration, Saudi Arabia’s energy minister said. Norway’s energy minister sees both renewables and fossil fuels in the nation’s future Norway, Western Europe’s biggest oil producing nation, plans to expand its green energy industry and strengthen its power grid, but isn’t willing to budge when it comes to exploiting its oil and gas resources. OPEC projects further oil demand growth in the second half of 2021 Oil consumption will climb by 5%, or about 5 million barrels a day, in the second half of 2021 versus the first as the world emerges from the pandemic slump, the Organization of Petroleum Exporting Countries forecast in a report.