Forecast ///

Moody's: Outlook for the global energy industry revised to positive on higher oil prices, recovery in demand

A sustained uptick in commodity prices on the back of a recovering global economy is set to bolster a turnaround in industry fundamentals over the coming 12 to 18 months.

U.S. drilling total for 2020 will be lowest in more than 80 years

World Oil has finished compiling the 2020 mid-year forecast update for drilling and production and, if projections hold true, the number of oil wells drilled in the U.S. annually will reach lows not seen since the 1930s, or even further back.