Global oil demand – currently at 89% pre-COVID levels and rising – expected to level off at 92 – 95% of demand prior to pandemic.
The EIA forecasts US crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of COVID-19 continue to affect demand and prices.
GlobalData reports on the low prices and depressed demand impacting the global oil and gas pipeline sector.
The DOE and DOT drafted a report to Congress investigating crude oil characterisation, following the high-profile accidents in 2013 - 2014 involving movement of crude by rail.
EIA has analysed how low liquidity and limited available storage pushed WTI crude oil futures prices below zero.
ConocoPhillips is to voluntarily curtail 225 000 bpd of oil and reduce 2020 cash uses by an addition US$3 billion.
Transneft settles consequences of incident related to oil contamination in the Druzhba oil trunk pipeline.
Annual US crude oil production has reached another record level, growing 11% in 2019, surpassing 12 million bpd.