The latest upstream oil and gas news from around the world.
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Oil is going to be very much demand driven, according to Arqaam Capital.
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Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.
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Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
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The American Petroleum Institute also reported a sharp year-on-year increase in well completions.
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The secretary general of the Brazilian Institute of Petroleum, Gas and Biofuels said that in the next few years, the oil industry will bring more jobs and investments to Rio de Janeiro.
