AsiaElec Week 15
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Issue 537 16•April•2020 Week 15
Cuts not deep enough
OPEC+’s historic deal to cut production by 9.7mn bpd goes nowhere near far enough to rebalance the market.
Europa’s farm-in quest continues
Europa is preparing to launch the Wressle oilfield this year in the UK, and is hopeful it can still secure farm-in partners off Ireland and Morocco.
Saudi fund buys into European oil
A Saudi investment fund has taken advantage of low oil prices to snap up stakes in major European oil companies.
Refiners react to fuel collapse
Refineries across Europe are adjusting maintenance schedules and in some cases shutting down due to the collapse in fuel demand.
