MEOG Week 11
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Issue 761 18•March•2020 Week 11
Looking into the abyss
As disease continues to weigh heavy on global oil demand, Russia and Saudi are pumping oil in ernest to shore up market share, putting prices in freefall.
Aramco moves to rationalise capex
Despite massive net profits, Saudi Aramco has reassessed its capital spending plans in light of bearish market conditions.
ADNOC joins the party
Abu Dhabi National Oil Co. has announced that it will accelerate efforts to increase crude production to 5mn bpd and exports to 4mn bpd.
Lebanon pins hopes on drilling success
As the Lebanese economy descends into further chaos, hopes are pinned on discovery of an offshore bounty.
