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RYSTAD ENERGY REPORT
OPEC+ increases production quotas for JulyOPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...- UAE's OPEC exit: With cartel cracked, oil spills over geopoliticsIn a dramatic turn of events, the United Arab Emirates has officially exited OPEC, signaling a significant transformation within the global...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- UAE walks out of OPEC & OPEC+ in high-stakes break, redraws global oil power lines amid West Asia turmoil
- China, India place strategic bets on clean energy out of favour in the WestChina and India are aggressively pursuing green hydrogen, investing billions to build massive production capacity. While China focuses on s...
- Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad saysThis estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing ca...
- UK faces jet fuel crunch as Strait of Hormuz disruption threatens flights and raises travel costsJet fuel supply to the UK is under pressure as Middle East shipments slow. Airlines may face higher costs and possible shortages if disrupt...
- Iran war's energy impact forces world to pay up, cut consumptionThe closure of the Strait of Hormuz has halted 20% of global oil and LNG supply, triggering a severe energy crisis. Strikes on infrastructu...
- Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gasThe ongoing Iran war is severely impacting vital oil and gas infrastructure around the Persian Gulf. Drone strikes and the closure of the S...
- Oil prices hold near two-week highs on trade war reprieve, weaker dollarOil prices remained stable near two-week highs. This was due to a U.S.-China trade agreement and a weaker dollar. The U.S. and China agreed...
- China's solar capacity expected to hit 1,000 GW by 2026: Rystad EnergyBeijing had set a goal of boosting the country's installed capacity of wind and solar power to more than 1,200 GW by 2030. China had instal...
- OPEC+ supply gap widens in March as sanctions hit Russian outputOPEC+, which groups OPEC and allies led by Russia, agreed last month to another modest monthly oil output boost of 432,000 bpd for May, res...
- OPEC+ sticks to modest oil output rises, ditches IEA dataThe group has resisted repeated calls by the United States and the IEA to pump more crude to cool prices that climbed close to an all-time ...
- Oil hits almost decade high before Iran throttles the rallyBenchmark Brent rose to $119.84 a barrel, the highest since 2012, with additional support coming from data showing U.S. crude stockpiles ha...
- Oil prices rise to over 2-yr high as demand improves, supplies tightenBrent rose 34 cents to $73.03 a barrel by 12:56 p.m. EDT (1656 GMT). Earlier in the session, it reached $73.64 a barrel, its highest since ...
- Oil slips despite high OPEC+ complianceBrent crude was 22 cents, or 0.5%, lower at $45.15 a barrel by 1352 GMT, having gained 1.3% on Monday. U.S. crude slid by 41 cents, or 1%, ...
- Oil falls below $43 on virus fears, still heads for weekly gainU.S. West Texas Intermediate (WTI) crude fell 58 cents, or 1.4%, to $40.07.
- Global oil supply to fall 6% by 2030 due to delayed projects: DataOil and gas companies across the world have slashed investment budgets.
- US shale roars back at OPECUS shale's increase is equal to about half of the OPEC cuts and twice that of Russia's cuts.
- Offshore oil output to plunge as producers scrap field upgradesGlobal offshore oil production in ageing fields will fall by 10 percent next year as producers abandon field upgrades at the fastest rate i...
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