
Rystad Energy: Russia-Ukraine Conflict Impacts OCTG Supplies
This week, the Russia-Ukraine conflict is restricting global OCTG supply, particularly in the Middle East and USA. Nickel prices have also experienced aggressive rises due to the conflict in Ukraine. Lithium continues to rocket with prices now 118% higher than at the end of the year. OCTG The implementation of …

Rystad: Oil Prices Elevated on Ukraine Conflict Implications
Oil prices remain high today on continued uncertainty regarding the energy impacts of the Ukraine conflict, knock-on regional supply implications, increased demand and rising inflation. Here is Rystad Energy’s daily oil market comment from our Senior Oil Market Analyst Louise Dickson: Price Oil prices climbed higher today as the Ukraine …

Rystad Energy: Oil Prices Soaring on Ukraine Conflict, Likely to Hit Near $130 by June
War has come to the heartland of Europe, and if the Ukraine conflict draws in the might of the Russian army and other interested and well-equipped forces, unconstrained upside risk to regional geopolitics and oil prices are highly likely in the near term. In the longer term, however, the demand …

Rystad Energy: NS2 Suspension to Further Tighten Global Gas Markets and Boost LNG Demand, Prices to Continue Climbing through 2023
Germany’s announcement that it has suspended the certification process of the contentious Nord Stream 2 (NS2) pipeline has thrown a geopolitical spanner in the works. The recently completed pipeline, which runs under the Baltic Sea from Russia to Germany, has sat front and center in the broader geopolitical conflict brewing …

Rystad Energy: A Glimmer of Hope from the Iran Nuclear Talks Triggers a Late Afternoon U-turn in Prices
Positive news from the US-Iran nuclear negotiations is providing much-needed relief to global oil prices, as the possibility of new crude supplies reduces the supply-demand deficit. Rystad Energy is hosting a hybrid event in conjunction with International Energy Week (previously IP Week) in London on Feb 21, 2022. Register here …

Rystad Energy: European Markets React to Russia-Ukraine De-Escalation, but Global Markets Remain Bullish
European gas prices are shaking off some of their recent volatility and reacting to the relative calming of Russia-Ukraine tensions as Russia announced the withdrawal of some troops from the border. Gas markets are taking heart from the Russian-Ukraine news, and TTF prices fell to just over $23/Mmbtu on Wednesday. …

Rystad Energy: Oil Markets React to Russian De-Escalation, but Relief Seems Temporary
In a classic knee-jerk reaction, oil markets are losing ground on news of a Russian de-escalation on the Ukrainian border. Russia’s claim of partially withdrawing troops from the Ukrainian border has slightly loosened the stranglehold the tensions have over the market, but the threat to supply persists, especially considering Russia …

Rystad Energy: OCTG Prices Continue to Rise
Increasing energy demand and a surge in North Sea exploration activity has increased the appetite for OCTG in the North Sea market, particularly in Norway, after a slowdown during the pandemic. The carbon OCTG and 13Cr OCTG markets are absorbing excess inventories and restocking for upcoming North Sea operations, a …

Rystad Energy: Oil at $100 Could Trigger an Additional 2.2 Million bpd of US Tight Oil Output by 2023
Up to 2.2 million barrels per day (bpd) of US tight oil could be unleashed in the event of a supercycle – with oil prices remaining around or above $100 per barrel – driven by growing demand and continued supply tightness, Rystad Energy predicts. Tight oil output in the core …

Rystad Energy: OCTG Prices on the Rise; Lithium Maintains its Recent Upward Momentum
A rich combination of strong demand and supply tightness in the US OCTG market is driving prices upwards this week. Seamless casing from US mills has experienced around a $70/NT month-on-month increase. Drilling activity continues to increase, triggered by higher oil and gas prices, and further growth is likely in …