NorthAmOil Week 10
P. 1
Issue 594 12•March•2020 Week 10
Under pressure
The collapse in crude prices is expected to hit Canada’s already struggling oil industry hard.
In the crossfire
Russia’s refusal to back future OPEC+ cuts, initiating a supply war with Saudi Arabia, will have significant repercussions for US shale drillers.
Stepping back
Warren Buffett’s Berkshire Hathaway has dropped plans to invest $2.9bn into an LNG project proposed for Saguenay, Quebec.
Cutting activity
ExxonMobil unveiled plans to scale back in the Permian Basin, with the announcement coming before the new oil price collapse.
