Oil surplus to put global storage infrastructure in trouble: Rystad Energy
The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd
Industry
Coronavirus adds more woes for oil and gas industry, says GlobalData
The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices
VIES announces multi-million-dollar investment from Blue Water Energy
Varel International Energy Services (VIES), the international supplier to the oil and gas industry, has announced a multi-million-dollar investment from Blue Water Energy, the international private equity firm that specialises in the energy sector
First ‘ADNOC On the go’ station opens in Al Bateen
The first ‘ADNOC On the go’ neighbourhood service station has opened its doors to the local community at Al Bateen, Abu Dhabi
Global oil demand down 2.8 per cent bpd in 2020: Rystad Energy
Global oil demand will decrease by 2.8 per cent or 2.8mn bpd per day year-on-year as the spread of coronavirus continue to escalate, according to consultant Rystad Energy
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