Page 1 - DMEA Week 15 2020
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Issue 445 16•April•2020 Week 15
Forging ahead
Qatar Petroleum is not downsizing its LNG expansion plans in the face of the market downturn, and has kicked off drilling at the North Field East project.
Feeling the squeeze
With the COVID-19 choking fuel demand, even the Middle East’s main oil-trading hub has run out of room to store unwanted barrels.
Cuts not deep enough
OPEC+’s historic deal to cut production by 9.7mn bpd goes nowhere near far enough to rebalance the market.
End to subsidies
Nigeria is ending decades of fuel subsidies in order to improve supply security and reduce government spending.
