The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is likely to cause the largest monthly drop in fracking activity ever recorded in the US, a Rystad Energy analysis shows
Exploration
International Marine Contractors Association shares COVID-19 guidance
The International Marine Contractors Association (IMCA) continues to add to its dedicated COVID webpage a variety of information and links to be of use to its membership
Oil storage shortage fears expected to be realised
Since oil prices crashed into negative territory earlier this week, Brent Crude prices have remained low at US$19.33 a barrel and WTI oil at US$10.01 a barrel at the time of writing
‘US to take the biggest hit as global OCTG demand declines by 15 per cent in 2020’
The energy metals sector is bracing for a major backlash, as the COVID-19 pandemic and low oil prices are taking a heavy toll on global demand for OCTG (oil country tubular goods)
Global oil industry reacts to first-ever negative oil prices
Yesterday was a historic day for the oil industry with prices crashing and going into negative territory for the first time
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