Renewable energy projects expecting to achieve financial close or break ground globally will not avoid taking a hit from COVID-19’s effect on the economy. A Rystad Energy analysis shows that forecast growth in newly commissioned […]
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the COVID-19 crisis, building one of the biggest […]
Rystad Energy has released its weekly comprehensive report calculating the effect of the novel coronavirus in our lives and updating estimates for global fuel markets. As a result of recent developments, with travel restrictions, quarantine […]
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the COVID-19 epidemic and the ongoing oil price war, […]
The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on […]
The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger […]
European gas demand in 2020 is likely to drop by 0.7% compared to its pre-coronavirus forecast, according to Rystad Energy’s most likely scenario. Growth will be limited to just about 2 billion cubic metres (Bcm) […]
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd is what OPEC+ countries are realistically able to […]
Rystad Energy is creating a weekly comprehensive report calculating the effect of the novel coronavirus in our lives and updating estimates for global fuel markets. As a result of recent developments, with travel restrictions and […]
Around 20% of Europe’s mid- and small-sized oilfield service companies, the vast majority of which are British or Norwegian, are set to become insolvent as the effect of the Covid-19 epidemic will hit the continent’s […]
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