Bjørnar Tonhaugen

Partner & Head of Oil Market Research

Bjørnar is Head of Oil Markets in Rystad Energy and manages the Oil Markets Team. He is product manager for the Oil Market Solutions (Oil Market Transition Solution and Oil Trading Analysis Solution) and is Rystad Energy’s main expert on oil market fundamentals and macro. He also contributes to UCube’s (Upstream Solution) liquids production data and Rystad Energy’s house view on the oil market. Bjørnar also contributes in various consulting projects involving oil market analysis. Bjørnar holds a Master of Science degree in Industrial Economics and Technology Management from NTNU ( and also a mechanical engineering degree (BSc.) from the Oslo University College (HiO). He has previously worked for Nordea Markets, the financial brokerage arm of the largest bank in the Nordic region, as a Commodities Strategist primarily focusing on the oil products markets. He has also worked for Orkla Finans, the investment brokerage subsidiary of Orkla.