Trends
Oil markets remain in equilibrium
23 October 2015
Buyers moved in as the price fell, but the IEA is forecasting the length to continue for at least another year
Trade deal opens new markets to US LNG
14 October 2015
The Trans-Pacific Partnership (TPP) free trade deal was signed on 5 October, making it easier for US LNG to expand to new markets
Oil market out of balance despite rising demand
30 September 2015
Despite falling non-Opec supply and rising demand, the market still has a way to go
World oil supply falls by nearly 600,000 barrels a day
13 August 2015
The dip was mainly from non-Opec production, and in July it had fallen to 96.6m b/d
Shale producers optimistic as oil production falls
11 August 2015
Across the US' largest plays, shale output is set to fall for the sixth month in a row in September
Russia saw a surge of low-price exports this summer
10 August 2015
Gazprom's sales dipped in the first quarter of this year, but was followed by a surge of lower-priced exports
Stocks built by 3.3m b/d in second quarter, says IEA
30 July 2015
Saudi Arabia is pumping oil at record highs, Iranian supplies are about to hit the market, Iraq’s exports from the south are beating expectations and, across the Atlantic, North American oil production continues to rise
Crude market goes lower for longer
23 July 2015
Supply is up and prices are low - the end of 2015 will not bring a revival of crude markets
Global oil production dips but still strong
30 June 2015
The supply fell by 155,000 barrels a day (b/d) in May to 96m b/d, according to the International Energy Agency
Global demand growth this year will double 2014 levels
30 June 2015
Demand growth is up 320,000 b/d to 1.4m in 2015
Chemicals business lacking growth
26 June 2015
The chemicals business cycle free-wheeled last year as capacity grew by more than demand
International shale fades in low price era
24 June 2015
The oil market downturn along with regulatory obstacles have scuppered investor plans for international shale
Emerging suppliers are banking on China's gas needs
28 May 2015
The country is poised to be a pivotal player in global gas markets as demand surges
China's oil demand to slow as it enters new era
28 May 2015
Shifts in China’s economy mean the days of fast-paced consumption growth are nearing an end
Opec ready to stay the course after slow progress
22 May 2015
Prices need to fall again if the group's strategy to regain market share is to work
Oil price deadlock with only $4 price band
21 May 2015
The narrow range has been in play since April while contradictory views have been pulling and pushing at prices
Global supply holding steady at 3.2m b/d
21 May 2015
Data from the International Energy Agency has showed growth in global oil supply
‘Low oil prices keep us sane’ says chairman
18 May 2015
Petroleum Economist talks to Dr Fereidun Fesharaki, chairman of consultancy Facts Global Energy, about the future of the energy industry
Shale drillers eye return to growth as oil price picks up
7 May 2015
Companies are holding off until prices recover to $65 per barrel
China to become second largest shale-gas producer by 2035
30 April 2015
BP's chief economist predicts the Chinese will be second only to North America
Demand for gas will rise by over 50% says IEA
23 April 2015
For the past few years industry executives have been talking up natural gas. Excited by the possibilities of a hydrocarbon that is, thanks to shale, considered globally abundant, relatively clean to burn, and easy to ship, the enthusiasts have proclaimed that the 21st century will belong to the fuel.
Oil prices 50% below last year's levels
22 April 2015
High stocks have pressured the oil price but April saw them begin to rise again
Opec supply has highest monthly increase in four years
22 April 2015
Organisation of the Petroleum Exporting Companies (Opec) reached a high supply rate in March - along with global oil supply
Ambiguity over Indian gas demand figures
20 April 2015
A pivot towards coal in the absence of concrete plans for gas price reform could see bullish projections for Indian gas demand growth evaporate
Cutting personnel is a big risk for oil companies, says SBC
26 March 2015
Oil companies seeking to cut costs by reducing numbers of engineers and other technical personnel risk becoming uncompetitive within a decade. Indeed, now is the time to invest in human resources, write Jean-Marie Rousset and Pierre Bismuth from SBC
Oil price nearing a six-year low as US crude stocks swell
20 March 2015
Crude prices have been dented as stocks remain high in North America