Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers. The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse. As a solution, […]
Coronavirus is spreading beyond China. Over 60 countries have confirmed cases and the number will continue to grow. The World Health Organization (WHO) is characterizing the risk level as ‘very high’. Anxiety about the economic fallout has infected oil price. This week’s SnapChart shows the recent slide of WTI, from over $US 60/B at the […]
As the Coronavirus spreads, so does a potential contagion for lower oil prices. The virus is likely to infect global natural gas markets too, especially since LNG prices were already compromised before the outbreak. Oil Price The price of WTI oil is currently sitting near $US 50/B, down more than $US 10 from one month […]
As we flip the calendar into the new year and a new decade, it’s a good time to pause and think about what the next 12 months and beyond may hold in store for the oil and gas industry. Here are some of the big questions that are front of mind as we start the […]
