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Oil News

Rystad 2025 oil growth guidance at risk post-tariffs

Rystad: US shale growth at risk as prices slump and policy bites

Rystad Energy expects onshore Lower-48 production to fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure should the recent price downturn hold, forcing operators to cut back on rig activity.

Supply chain bottlenecks hinder North Sea’s long-term prospects

DNV’s North Sea Forecast: Ocean’s Future to 2050 report forecasts that offshore wind will claim 9 percent of the North Sea space by 2050, and policies to promote cross-industry collaboration are required to ease spatial planning pressure.