Page 1 - FSUOGM Week 15
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Issue 1071 15•April•2020 Week 15
Not deep enough
OPEC+’s historic deal to cut production by 9.7mn bpd goes nowhere near far enough to rebalance the market.
Kazakh sacrifice
Kazakhstan will need to make a considerable reduction in its output under the OPEC+ deal, likely targeting cuts at smaller, older deposits.
Shell quits Siberian JV
Shell has scrapped plans to join Gazprom Neft at a new oil development in Siberia, citing “external” factors.
Lukoil turns on tap
Lukoil has launched trial production at three new fields in Western Siberia.
