Forecast
News
June 29, 2017
The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years, relying mainly on domestic borrowing to finance the deficit in order to preserve its rainy-day funds.
News
June 27, 2017
British oilfield services company Petrofac Ltd on Tuesday said it expected an underlying net profit of $135-$145 million for the first-half of 2017 as higher bidding activity in its core markets led to a strong order book.
News
June 19, 2017
There’s yet another concern growing as oil prices continue to erode: A record U.S. fraclog.
News
June 15, 2017
The organizers of Canada’s largest oil and gas event, the Global Petroleum Show (GPS), tried something new this year by staging a speaker series directly on the exhibition floor, in Hall E. There, on a makeshift stage, “thought leaders” would share their ideas, opinions and expertise on a variety of topics facing the energy industry.
News
June 06, 2017
The biggest question in oil markets is what OPEC should do once its deal to cut output ends next spring. Goldman Sachs Group Inc. has an answer, but it requires a bit of balancing.
News
June 02, 2017
Oil headed for its biggest weekly drop in four weeks as U.S. supply data signaled that OPEC’s efforts to re-balance oversupplied markets need more time.
News
May 31, 2017
Oil demand will continue to grow in coming decades even as nations around the world restrict greenhouse-gas emissions to counter climate change, said Exxon Mobil Corp. CEO Darren Woods.
News
April 28, 2017
The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells.
News
April 27, 2017
The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades.
News
April 25, 2017
OPEC needs a year more to accomplish what’s at the moment proving to be mission impossible, according to a veteran oil analyst.
News
April 19, 2017
McKinsey Energy Insights (MEI), the data and analytics specialist that provides insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook, which identifies five potential supply and demand scenarios. If the market was to follow MEI’s business as usual scenario, it would expect oil prices to revolve around $60–$70/bbl over the next three years and balance close to $65–$75/bbl by 2030.
News
April 17, 2017
In 2017, North Sea crude and condensate production will increase by roughly 50,000 bpd to an average of almost 2.9 MMbpd according to ESAI Energy’s newly published Europe Watch report.
News
April 06, 2017
Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50/bbl, according to Fitch Ratings Ltd.
News
March 29, 2017
A surge in hedging contracts is helping U.S. shale drillers ride out the turmoil in global oil markets this year. Next year may not be so easy.
News
March 09, 2017
By 2035, the U.S. may have surpassed Australia and Qatar to become the world’s biggest supplier of liquefied natural gas, according to the CEOs of Canadian energy giant Enbridge and LNG exporter Tellurian.
News
March 08, 2017
Oil prices will tumble to $40/bbl if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the shale patch.
News
March 06, 2017
OPEC will increase its production capacity by about twice as much as previously thought, led by expansion in Iran and Iraq, the International Energy Agency (IEA) said.
News
March 03, 2017
More oil price stability and significant internal restructuring of the sector are the key drivers leading a recovery in energy M&A with a peak in 2018, according to a new forecast by Baker McKenzie.
News
February 28, 2017
Russia will keep Europe hooked on its natural gas for years to come, using its huge reserves and lower production costs in Siberia to maintain attractive prices, according to state-run Gazprom.
News
February 26, 2017
The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
News
February 21, 2017
Crude prices could plunge toward $30/bbl -- a rout of about 40% from current levels -- unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
