4 min listen
Opec and US shale: the latest coronavirus casualties – Episode 3
FromArgus Media
ratings:
Length:
8 minutes
Released:
Mar 9, 2020
Format:
Podcast episode
Description
Oil prices have posted their biggest drop in almost three decades towards $30/bl on expectations that an Opec-induced supply surge will exacerbate a global surplus, as demand growth collapses beyond Asia with the spread of the coronavirus to most major economies. The unravelling of co-operation between Opec and Russia to restrain oil output also throws the US shale sector and other non-conventional oil basins into their deepest crisis since at least 2015, as plummeting crude prices jeopardise higher cost projects from Canada to Brazil.
Released:
Mar 9, 2020
Format:
Podcast episode
Titles in the series (100)
The return of Saudi petrochemical feedstock after curbs and its implications: Most Saudi petrochemical producers announced feedstock curbs of between 15 and 50pc in the immediate aftermath of the mid-September attacks on the country's oil installations. Petrochemical feedstock curbs are easing with a majority of producers anno... by Argus Media