AsianOil Week 15
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Issue 715 16•April•2020 Week 15
History in the making
OPEC and its allies have finalised an historic deal to take 9.7mn b/d of oil supply off the market – just under 10% of global production.
Demand on lockdown
India’s ongoing lockdown in response to the coronavirus (COVID-19) pandemic has seen demand for natural gas plummet.
Supply and demand gap
Crude shipments to Chinese buyers continued to rise steadily in March, further supporting the case that the country is stockpiling.
Santos’ new deal
Australian developer Santos has agreed to sell a 12.5% stake in the Barossa natural gas project offshore the Northern Territory to Japan’s JERA.
