shale
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Oil market outlook: Striking a delicate balance
After a period of stagnation, oil markets have begun to recover and prices are rising again. This development is mostly due to production cuts by the OPEC+ group. However, oil demand is not expected to reach pre-Covid levels before 2022, and the transport sector, which will play a determining role, may struggle to return to the status quo ante, at least in the near future.
Oil market outlook: A cautious global recovery
The countries in OPEC+ are currently complying with the terms of their deal to restrict output, but this discipline may not last. Meanwhile, oil markets remain at the mercy of the global economic recovery. Demand will need to increase well above the current levels to absorb the inventory buildup accumulated ...
The U.S. shale revolution continues to alter gas markets
The shale revolution has transformed global gas markets and turned the United States into the world’s leading producer. Now a net LNG exporter, the U.S. has challenged established exporters and changed the old pricing order. Europe, which is increasingly reliant on gas imports, is turning to American exports to reduce ...
Australia’s LNG woes herald changes in global market
Australia has become a global leader in liquefied natural gas (LNG) extraction, export and technology. But the fall in oil prices has brought gas prices down as well, while cost overruns have hurt the industry. How Australia’s LNG producers deal with these challenges could have ramifications for the sector around ...
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