16 April 2021 (Last Updated April 16th, 2021 15:38)
Offshore Technology lists the top five terms tweeted by Oil & Gas Influencers in Q1 2021, based on data from GlobalData’s Influencer Platform.
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The top tweeted terms are the trending industry discussions happening on Twitter by key individuals (influencers) as tracked by the platform.
1. Covid-19 – 767 mentions
The impact of Covid-19 pandemic on Exxon Mobil’s oil and gas (O&G) reserves, global oil prices surge amid easing of lockdowns and concerns about fuel demand amid global lockdowns were some popular topics discussed in Q1. According to an article shared by Ron Bousso, an energy reporter at Reuters, US-based oil and gas company Exxon Mobil’s O&G reserves declined by one-third in 2020 due to the adverse effect of the Covid-19 pandemic on the global oil prices and demand.
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U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Wednesday following the release of a government report that showed a bigger-than-expected drawdown in crude supplies. The market was supported earlier in the session as OPEC upwardly revised its demand forecasts and better-than-expected news from the American Petroleum Institute (API) late Tuesday.
At 16:00 GMT, June WTI crude oil is trading $62.98, up $2.74 or +4.55% and June Brent crude oil is at $66.36, up $2.69 or +4.22%.
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US Energy Information Administration Weekly Inventories Report
U.S. crude oil stockpiles dropped more than expected as refiners increased activity heading into the summer driving season, the Energy Information Administration (EIA) said on Wednesday.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/oil-near-one-month-highs/"></div>By Ahmad Ghaddar LONDON (Reuters) -Oil prices eased on Thursday but remained close to a one-month high driven by more positive demand forecasts from the International Energy Agency and OPEC as major economies recover from the pandemic. Brent crude was down 25 cents, or 0.4%, cents at $66.33 a barrel by 0945 GMT, after reaching […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/oil-near-one-month-highs/"></div><! AddThis Share Butt
By Reuters Staff
2 Min Read
TOKYO (Reuters) - Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic.
FILE PHOTO: The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann
Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT, after gaining 4.6% on Wednesday and closing at the highest since March 17.
U.S. West Texas Intermediate futures dropped 25 cents, or 0.4%, to $62.9 a barrel, having risen 4.9% in the previous session.
Oil prices rose on Thursday to the highest level in nearly a month, after jumping 5% in the previous session, driven by increased demand forecasts from the International Energy Agency (IEA) and OPEC as major economies recover from the pandemic. Brent crude was up by 16 cents at $66.74 a barrel by 0659 GMT, after reaching $66.94 earlier, the highest since March 18, and gaining 4.6% on Wednesday. U.S. West Texas Intermediate futures rose 12 cents to $63.27 a barrel, earlier rising to $63.48, also the highest since March 18. The contract rose 4.9% in the previous session. Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.