Even if all OPEC members and Russia were to comply 100 percent, global oil inventories could still rise by 700,000 b/d in 1Q 2020.
Europe’s Gas Distribution in Need of Evolution
Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more oil than it imported last September. In that month, U.S. exports of crude oil and refined products exceeded imports by 89,000 barrels a day, according to EIA statistics. This marks a significant […]
2020 is expected to be another record year for the region with average production above 1.9 million barrels per day.
The global market for Floating Production, Storage and Offloading vessels is headed for a major recovery.