By the Numbers
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
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
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
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
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
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
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
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.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | November 16, 2020 | Energy | Conventional | By The Numbers
Oil prices started the week on a positive note again as traders have many bullish indications to hang onto.
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | November 13, 2020 | Energy | Conventional | By The Numbers
It’s been an uplifting week for oil prices and after a multi-day run, the dust from good vaccine news started to settle yesterday.
Oil jumps on vaccine hopes
AJOT | November 09, 2020 | Energy | Conventional | By The Numbers
Traders who have been preparing for a calmer week after the US election marathon last week, now have to unpack calculators and revamp forecasts.
U.S. refinery runs remain lower than the five-year range
AJOT | November 09, 2020 | Energy | Conventional | By The Numbers
Since April, when responses to the 2019 novel coronavirus disease (COVID-19) reduced demand for refined products such as gasoline, distillate fuel, and jet fuel, gross inputs of crude oil and other raw materials to U.S. refineries (refinery runs) have been lower than the five-year range (2015–19)
Rystad Energy’s daily market comment from our Head of Oil Markets Bjornar Tonhaugen
AJOT | November 09, 2020 | Energy | Conventional | By The Numbers
Markets are enjoying a relief-rally this morning as the US returns to political normality, brushing away the uncertainty that its election brought last week.
Rail Traffic for October and the Week Ending October 31, 2020
AJOT | November 04, 2020 | Intermodal | Rail | By The Numbers
U.S. railroads originated 912,772 carloads in October 2020, down 6.6 percent, or 64,634 carloads, from October 2019. U.S. railroads also originated 1,169,874 containers and trailers in October 2020, up 10.0 percent, or 105,966 units, from the same month last year.
[FBX Weekly Ocean rates steady to start the month, as air cargo continues to climb
AJOT | November 04, 2020 | Air Cargo | Freighters | By The Numbers
The pandemic has impacted the supply chain in many ways, including speeding the adoption of logistics technology to handle volatility. Air cargo eBookings on WebCargo, for example, have increased nearly 7X since January 2020. Check out this month’s WebCargo Digital Air Cargo Monthly Report for the latest trends in eBookings and digitization in the air cargo industry.
FTR reports preliminary North American Class 8 net orders swell to 40,100 units in October
AJOT | November 04, 2020 | Intermodal | Trucking | By The Numbers
FTR reports preliminary North American Class 8 net orders soared in October to 40,100 units. This is the first 40,000+ unit month for Class 8 orders since October of 2018, adding to the already increased order activity from September. Orders were up 26% m/m and up 83% y/y. Class 8 orders for the past twelve months now stand at 215,000 units.
OPEC members’ net oil export revenue in 2020 expected to drop to lowest level since 2002
AJOT | November 03, 2020 | Energy | Conventional | By The Numbers
The U.S. Energy Information Administration (EIA) forecasts that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020.
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