Forecast
News
September 12, 2019
Demand for the group’s crude in the first half of 2020 will be 1.4 MMbpd below its August output as production surges from their competitors, including the U.S.
News
September 04, 2019
The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest boosts in years. The surge won’t last.
News
September 02, 2019
CGG announced that its third quarter 2019 segment revenue is expected to be above $350 million, based on strong multi-client sales in the range of $160 million (including transfer fees) and steady demand for Geoscience technology and equipment.
News
August 22, 2019
The U.S. Energy Information Administration estimates that OPEC members earned almost $711 billion in net oil export revenues in 2018. The estimate is up 29% from 2017, but about 40% lower than the record high of almost $1,200 billion in 2012.
News
August 19, 2019
Profits from turning crude into diesel in the second half of 2019 are forecast to be about 31% higher than the first six months, according to Goldman Sachs. Margins have expanded around 40% since late April as International Maritime Organization rules that prohibit ships from using dirty fuel from Jan. 1 are set to bolster diesel demand, while cutting fuel oil use.
News
August 16, 2019
Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said.
News
August 13, 2019
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest.
News
August 09, 2019
The outlook for global oil demand is “fragile” amid growing signs of an economic slowdown, which squeezed consumption growth during the first five months of this year.
News
August 06, 2019
In its current Short Term Energy Outlook, the U.S. Energy Information Administration anticipates a narrower differential between Brent and WTI crude prices for the rest of the year and into 2020.
News
July 31, 2019
Several factors will combine to make it difficult for U.S. and Texas E&P activity to grow during the last six months of 2019, said Karr Ingham, economist for the producers’ association, Texas Alliance of Energy Producers.
News
July 18, 2019
EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu.
News
July 12, 2019
Preliminary production figures for June 2019 show an average daily production of 1,409,000 bbl of oil, NGL and condensate, which is a decrease of 184,000 bpd compared to May. Total gas sales were 9.4 Bscm, which is a decrease from the previous month.
News
July 11, 2019
A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.
News
June 25, 2019
As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month.
News
June 14, 2019
Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said.
News
June 11, 2019
Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia to reconcile their differences for an extension of the output cut in the second half.
News
June 05, 2019
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly 4 MMbpd by 2030 – nearly one million more than today, according to a new 10-yr production forecast by business information provider IHS Markit.
News
May 28, 2019
Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary Fund, according to the central bank of the United Arab Emirates.
News
May 16, 2019
Premier Oil rose the most in four months in London trading after increasing full-year forecasts for output and debt reduction.
News
April 29, 2019
The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets.
News
April 09, 2019
The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group.
