Your partner in reliable energy intelligence
From insight to impact
Energy decisions require a reliable foundation. The quality of that foundation depends on the depth of the underlying data, the rigour of the methodology and the consistency with which both are applied over time.
Rystad Energy's analysis is built from the ground up. Our data covers individual assets, wells and fields across every major energy market. Our analysts do not shape conclusions to fit a view. The view follows the data.
What that means in practice is that none of our forecasts exists in isolation. Every macro trend is traceable back to the underlying data. Clients can interrogate the numbers, challenge the assumptions and follow the analysis to its source. That level of transparency is what makes our forecasts a reliable basis for consequential decisions.
The depth behind every analysis
900+
Team members across 60 countries
28
Global offices worldwide
24/7
Service for decision-support
2,200+
Ongoing projects
Forecasts you can trust
The proof is in the track record. Three forecasts, three disciplines, one consistent approach.
Global oil production
Back in 2015, like most players in the market, we underestimated the long-term growth in global oil production. The consensus was clear: US supply would plateau after 2020 and high prices would keep demand in check.
Fast forward to 2019, and the pendulum swung the other way. Forecasts, including ours, overestimated future production, unable to foresee the pandemic that would reshape economies and slash demand.
By 2020, when uncertainty was at its peak, we delivered accuracy above and beyond our peers. While others struggled to recalibrate, our models projected a slow recovery, and 2025 actual production levels are within 1% of our forecast. That precision was the result of rigorous data quality, adaptive modeling and continuous validation.
Global oil production
"Everything we say about macro trends can be supported by disaggregated asset or field-level data sets, which is what makes this company unique. And this is only possible because of our bottom-up approach to data."Artem Abramhov, Senior Partner & Head of Oil and Gas
US crude oil production
Already in 2014, we correctly anticipated the growth trajectory of US shale oil production, five years ahead of time. Our early insights reflected a deep understanding of cost curves, technology adoption and investment patterns shaping the shale landscape.
By 2019, the outlook had shifted. Like the rest of the market, we could not foresee a global pandemic that would reduce the “call” on US shale by 2–3 million barrels of oil per day. That disruption underscored the importance of agility in forecasting and the need to integrate real-time signals into long-term models.
In 2021 and again in 2023, we demonstrated that agility. Our forecasts for 2025 production landed within ±2%, even amid unprecedented volatility. That accuracy was driven by advanced analytics, continuous model recalibration and proactive integration of emerging market signals.
US crude oil
"We go well-by-well, we assess the geology, we look at the engineering, we study the economics. You add all those things together with a consistent approach, and that's how you deliver what has proven to be the most accurate data in the industry."Amir Zaman, Partner & Commercial Director, Americas
Upstream CAPEX
In 2019, before the pandemic, we projected global exploration and production (E&P) investments would rise from $500 billion to $600 billion by 2025, driven by expectations of an upcycle and cost inflation. That view reflected the prevailing optimism across the industry at the time.
By May 2020, during the first pandemic lockdown, that picture changed dramatically. While uncertainty dominated, we delivered a clear signal: capital expenditure would recover gradually from $350 billion to $500 billion by 2024, shaped by rising activity levels and supply chain constraints.
In 2024, we again demonstrated foresight by accurately forecasting the end of the post-pandemic upcycle, anticipating a shift before it became consensus. This precision was enabled by disciplined cost tracking, dynamic scenario planning and continuous alignment with real-time market indicators.
Upstream CAPEX
"It's not that we have a vision and then we make the trend align with our vision. The data comes first, and then we create the vision based on this data."Olga Savenkova, Vice President, Head of Oil and Gas Sustainability
Guidance when volatility takes over
In times of extreme uncertainty, trusted insight becomes indispensable. From the COVID-19 shock to the Russia-Ukraine war, shifting US trade policies and OPEC+ market recalibration, Rystad Energy has consistently guided clients through volatility with clarity and confidence. When markets become highly unpredictable, we are there providing data-driven analysis and forward-looking intelligence that decision-makers can act on with conviction.
This capability has been particularly evident during the current Middle East crisis. From the early days of the US-Iran conflict, Rystad Energy identified a clear “bargaining window” and consistently communicated a structured framework to help clients navigate a highly uncertain environment. Our assessment pointed to a ceasefire emerging between weeks two and six of the conflict, and the agreement announced in week six fell precisely within that range. This was not hindsight analysis but a forward-looking approach grounded in game theory, tracking how economic, military and political incentives evolve over time.
Trusted by energy leaders worldwide
Hear directly from energy leaders and decision-makers who rely on Rystad Energy for accuracy, transparency and expertise every day. Our clients trust us to bring clarity to complexity and to stand behind every insight we deliver.
Glenn Jennings
Head of Resources, Energy and Infrastructure
ANZ
Richard Baker
Senior Energy Advisor
Shell
Ben Ward
Market Intelligence Manager
Offshore Energies UK
Nick Palmer
Business Manager
Drilling Specialties Company
Our Advisory offering
Providing reliability in a rapidly shifting energy landscape
In an increasingly complex and fast-moving energy landscape, we support decision-makers with independent analysis and trusted advice. Our tailored insights help clients reduce risk, navigate uncertainty and make informed strategic and investment decisions across the energy transition.
Advisory Case Study
Yinson Production’s partnership with Rystad Energy Advisory
Background
At Yinson Production, strategic foresight and financial discipline are needed to deliver long-term energy infrastructure projects. As the company expands its global FPSO footprint, it has made it a priority to engage data-driven insights and credible third-party perspectives to support decision-making.
Challenge
The partnership began during a particularly challenging time for offshore oil and gas financing. The first project involved lender due diligence for a Brazilian FPSO. At the time, also given lower oil prices, market sentiment was turning against oil and gas investments, making it challenging to attract financial backing.
Key Results
In addition to successful close of the first project, Rystad Energy has supported all major Yinson Production transactions as the main commercial and market advisor. The team has delivered credible market outlooks that build investor and credit rating agency confidence.
"We worked with Rystad Energy for years and have confidence in both their people and the quality of their reports. Their analysis enhances the information we share with lenders and investors, helping us present a more complete and credible picture of our assets and contrasts."
Jahn Atle Høgberg
Chief Operating Officer - Yinson Production
People make Rystad Energy. Trust our people, trust our data.
Sample an insights from the area most relevant to your work and review the depth of our analysis firsthand.
