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Issue 1072 23•April•2020 Week 16
WTI plunges into the negative
West Texas Intermediate entered negative territory for the first time in history on April 20, amid storage fears.
Deeper cuts on the cards
Saudi Arabia and Russia have suggested making deeper cuts to production in stabilise prices.
Chevron completes Azeri exit
US major Chevron has completed its exit from Azerbaijan, sheding its stake in the ACG oil project to Hungary’s MOL.
Uzbek gas output slides further
Uzbekistan’s gas production fell further in the first quarter, as demand in China weakened because of COVID-19 lockdowns.
