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Overview
World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and offshore.
News
Global oil use heads for steepest annual contraction in history
The growing fear among many traders is that oil demand, which averaged just over 100 MMbpd in 2019, may contract by the most ever this year, even surpassing the 2.65 MMbpd registered in 1980, when the world economy crashed after the second oil crisis.
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Report
BP Statistical Review shows long-term energy market shifts underway
The 2017 edition of the BP Statistical Review of World Energy, published today, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.
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Report