AsianOil Week 16
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Issue 716 23•April•2020 Week 16
WTI’s collapse
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
Brace for impact
LNG shut-ins are thought to be looming, and some regions where the fuel is produced are more vulnerable than others.
Playing it safe
Singapore’s Jadestone Energy enjoyed a record year in 2019, but ongoing oil price volatility has convinced the company to play it safe in 2020.
Beach bump
Australian independent Beach Energy boosted its third quarter FY20 production by 8% to 6.9mn boe.
