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GlobalData
GlobalData

Oil & Gas

Q1 oil industry results reaffirm industry instability

Following the release of Q1 results from several oil and gas companies; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “This year has seen extraordinary volatility in the oil and gas industry. The decline in the cost of renewable energies, an oil price war and COVID-19 have […]
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COVID-19 hampers oil and gas services industry business outlook

The COVID-19 pandemic impact has devastated crude oil demand as the majority of the end user industries are witnessing a slowdown amid lockdowns. This market environment coupled with crude oversupply concerns is creating an imbalance resulting in a crude price crash. Companies across the oil and gas value chain are re-evaluating their capital expenditure (capex) guidance […]
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Effects of negative WTI will be felt for years, says GlobalData

Following the news that theWest Texas Intermediate (WTI) plunged into negative territory; Indrajit Sen, Oil & Gas Editor at GlobalData, a leading data and analytics company, offers their view: “WTI’s dive into negative territory has highlighted just how weak demand for crude oil currently is, and it is a stark warning to oil-producing countries and companies […]
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After four-week 24-million-barrel build up in gasoline stocks, a first withdrawal during last week can be a good sign, says GlobalData

Following the Energy Information Administration (EIA) Weekly Petroleum data release with information on refined products supplied and stocks build up for crude oil Adrian Lara, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the current events: “The withdrawal of 3.7 million barrels (mmbbls) of gasoline from […]
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Total revises capex guidance in the wake of drop in oil prices, says GlobalData

Total’s refining and petrochemical operations have sizeable exposure to COVID-19 affected countries and may experience a fall in capacity utilization over the near term, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Coronavirus (COVID-19) Company Impact: Total SA’, notes that around 40% of Total’s refining capacity is concentrated in France, the US, Germany, […]
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OPEC+ cuts and COVID-19 crisis reduce revenues from Russia’s newest greenfield developments by US$20bn over three years

Following news that OPEC+ has agreed to cut production by 9.7 million per day, with Russia and Saudi Arabia assuming the biggest production reductions; Anna Belova, Senior Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers her view on the current events: “As soon as the cut details were finalized, questions arose as to how Russia would be able to fulfil its […]
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Eagle Ford natural gas production benefiting from crude oil price crash

The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count in 2020. By assessing the readjustment of capital expenditure (capex) of 16 companies, which account for approximately 75% of total Eagle Ford production, GlobalData, a leading data and analytics company, estimates a reduction of approximately […]
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