By the Numbers

Bankruptcy-hit US operators set to lose a quarter of oil production in 2021, offsetting nationwide growth
Bankruptcy-hit US operators set to lose a quarter of oil production in 2021, offsetting nationwide growth

AJOT | December 16, 2020 | Energy | Conventional | By The Numbers

As Chapter 11 filings by US E&Ps continue to pile up, onshore oil production from companies that filed for bankruptcy in the last two years is set to decrease by about 25% by the end of 2021, or by about 200,000 barrels per day (bpd) compared to current output levels, a Rystad Energy analysis shows.

U.S. liquefied natural gas exports set a record in November
U.S. liquefied natural gas exports set a record in November

AJOT | December 16, 2020 | Energy | Conventional | By The Numbers

During the summer of 2020, monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, estimated LNG exports surpassed the previous record set in January 2020.

China to be top market for onshore seismic in the next two years; global recovery to wait until 2022
China to be top market for onshore seismic in the next two years; global recovery to wait until 2022

AJOT | December 16, 2020 | Energy | Conventional | By The Numbers

The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. Next year is set to be even more painful year as operators’ budget cuts will continue to strain the services sector, before a projected recovery in 2022, a Rystad Energy report shows.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | December 16, 2020 | Energy | Conventional | By The Numbers

Oil prices this week seem to get the blues in the mornings, as the market firstly digests bearish indicators, but then as positive news emerge from the vaccination front prices tick up again.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | December 15, 2020 | Energy | Conventional | By The Numbers

Today oil prices experienced a characteristic swing, caused by how sometimes trading focuses on different news when it moves from East to West.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | December 14, 2020 | By The Numbers

Christmas came early for oil prices as a combo of global medical, fiscal and geopolitical developments this week is helping Brent recover the 50+ dollar level it achieved last week.

Rystad: The last growing market of US land services, water disposal, is set for an all-time high in the Permian
Rystad: The last growing market of US land services, water disposal, is set for an all-time high in the Permian

AJOT | December 11, 2020 | Energy | Conventional | By The Numbers

Water disposal* in the Permian Basin is likely to hit a new all-time high in the fourth quarter of 2020, exceeding 1.3 billion barrels for the period for the first time in history, potentially further expanding Texas’ total water market which had already recovered close to its pre-Covid record in October, a Rystad Energy analysis projects.

Rystad: China’s growth set to help Asia’s installed offshore wind capacity catch up with Europe in 2025
Rystad: China’s growth set to help Asia’s installed offshore wind capacity catch up with Europe in 2025

AJOT | December 11, 2020 | Energy | Alternative | By The Numbers

From almost no offshore wind farms in 2015, Asia’s operational capacity has grown to more than 6 gigawatts (GW) today. Fueled by China’s growth, the continent’s installed base is expected to rise sixfold by 2025, when it will reach 52 GW and be almost on par with Europe, the global offshore wind leader, a Rystad Energy analysis shows.

Rystad Energy’s daily market comment from our Senior Oil Markets Analyst Paola Rodriguez-Masiu

AJOT | December 11, 2020 | Energy | Conventional | By The Numbers

Oil prices are heading for their highest weekly close since the Covid-19 pandemic started to really hurt in March, and unless some minor losses this morning get extended, Brent is on track to end the week with above the major psychological threshold of 50 dollars per barrel.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | December 04, 2020 | Energy | Conventional | By The Numbers

Reaching a consensus in OPEC has not been easy and the new deal is quite close to what the market was hoping for, so the oil price reaction today is understandable. Yet, despite the justified bullish reaction, caution is needed going forward.

Hydrogen opens a prolific service industry as coming project spending bakes a $400 billion pie
Hydrogen opens a prolific service industry as coming project spending bakes a $400 billion pie

AJOT | November 18, 2020 | Energy | Alternative | By The Numbers

A wave of green and blue hydrogen projects that are poised to be developed in coming years could unlock about $400 billion worth of spending for the service industry between 2020 and 2035, a Rystad Energy industry analysis reveals.

The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August
The Gulf of Mexico saw its largest decrease in crude oil production since 2008 in August

AJOT | November 18, 2020 | Energy | Conventional | By The Numbers

In August 2020, the Federal Offshore Gulf of Mexico (GOM) saw its largest monthly decrease in production of crude oil since September 2008, dropping by 453,000 barrels per day (b/d), or 27%.

Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen

AJOT | November 18, 2020 | Energy | Conventional | By The Numbers

Oil prices today are modestly rising on hopes that OPEC+ will decide to postpone its planned production increase in January and on the latest vaccine euphoria.

Rystad Energy’s Head of Oil Markets Bjornar Tonhaugen on what has been leaked or stated so far

AJOT | November 17, 2020 | Energy | Conventional | By The Numbers

Projections from Initial reported leaks from the OPEC+ meeting today seem to align well with OPEC’s research report last week, where they expectedly painted a bleaker outlook for oil consumption trends next year.

AT adds 3-Day Average Rates to RateView, the industry standard in truckload pricing

AJOT | November 17, 2020 | Intermodal | Trucking | By The Numbers

With the ability to view rates based on the previous three days of actual freight bills, truckload pricing analysts benefit from closer to real-time data than any other benchmark in the industry

EIA expects U.S. crude oil production to remain relatively flat through 2021
EIA expects U.S. crude oil production to remain relatively flat through 2021

AJOT | November 17, 2020 | Energy | Conventional | By The Numbers

In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), EIA forecasts that U.S. crude oil production will remain near its current level through the end of 2021.

Rystad: US shale oil output set to stabilize in 2021 as cost efficiencies offset falling operator capex
Rystad: US shale oil output set to stabilize in 2021 as cost efficiencies offset falling operator capex

AJOT | November 17, 2020 | Energy | Conventional | By The Numbers

US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as a result, 2020 average production is expected to fall by 3.1% year over year, or 7.5 million barrels per day (bpd) from 2019’s 7.7 million bpd, Rystad Energy estimates

Valenciaport new historical record: 508,177 containers in October
Valenciaport new historical record: 508,177 containers in October

AJOT | November 17, 2020 | Ports & Terminals | Ports | By The Numbers

In this month, the half million containers managed were exceeded for the second time (in August 503,482 TEUs were reached)

Global discovered oil and gas resources set to reach 10 billion boe in 2020, Russia in the lead
Global discovered oil and gas resources set to reach 10 billion boe in 2020, Russia in the lead

AJOT | November 16, 2020 | Energy | Conventional | By The Numbers

Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year. Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe by year-end, a Rystad Energy analysis reveals.

Natural gas inventories end the injection season near the record high
Natural gas inventories end the injection season near the record high

AJOT | November 16, 2020 | Energy | Conventional | By The Numbers

The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 billion cubic feet (Bcf), according to interpolated data from the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report released on November 13.

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