AsianOil Week 08
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Issue 708 26•February•2020 Week 08
OPEC cuts
Saudi Arabia, the UAE and Kuwait are discussing a potential joint oil production cut of 300,000 bpd.
Overcast forecast
Indonesia’s oil and gas production are forecast to slide this year, owing to a shortage of new projects coming onstream.
Credit troubles
A number of China’s independent refiners have had their credit lines suspended amid concerns about shrinking domestic fuel demand.
Bight blight
Norwegian developer Equinor has joined BP and Chevron in abandoning plans to drill in the deep waters of the Great Australian Bight.
