Here is a recap oil and gas market hits and misses for the week ending Jan. 22, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
In this look back at the week’s hits and misses in the oil and gas markets, one of Rigzone’s regular market-watchers discusses encouraging signs from major players in the oilfield services (OFS) sector. Moreover, he offers his take on which of the top OFS companies appears most optimistic about business conditions in 2021. Keep reading for details on this and other timely topics.
Here is a recap oil and gas market hits and misses for the week ending Jan. 8, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Until the onset of the shale revolution, OPEC – primarily Saudi Arabia – was long considered the world’s “swing” supplier of crude oil.
As a 2015 Rigzone article explains, taking on that role involved adjusting crude supplies to offset perceived oil market shortages and gluts. Thanks to the influx of non-OPEC crude supplies, much of it resulting from the U.S. shale revolution, the OPEC/Saudi swing producer status diminished.
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Check out this review of oil and gas market hits and misses for the week ending Dec. 11, 2020.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
A gauge of the market capitalization of oilfield services (OFS) companies has risen markedly since late-October, indicating an uptick in the sector. Read on to learn about this encouraging development, along with other recent oil and gas market trends.
Rigzone: What were some market expectations that actually occurred during the past week – and which expectations did not?