Subscribe
Sign in
Subscribe
Sign in
GlobalData
GlobalData

Oil & Gas

COVID-19 triggers delays in projects and investment decisions in European petrochemical sector, says GlobalData

The COVID-19 outbreak has damaged supply chains and impacted labor availability across Europe, which has direct implications on upcoming petrochemical projects currently under construction/commissioning and scheduled for startup this year. Any potential delays in construction/commissioning of these plants in 2020 may spill over to 2021, and could potentially affect the scheduling for next year as […]
Read more

Over US$85bn of 2020 forecast expenditure erased from oil and gas sector

To protect balance sheets, maintain shareholder pay-outs and preserve cash, oil and gas companies have gone into survival mode, reducing forecast expenditure where possible to weather the impacts of COVID-19 and oil market volatility, says GlobalData, a leading data and analytics company. Daniel Rogers, Oil and Gas Analyst at GlobalData, comments: “The bearish near-term outlook […]
Read more

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 […]
Read more

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 […]
Read more

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 […]
Read more

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 […]
Read more
1 … 29 30 31 32 33 … 39