Japanese refiners prepare to keep products supply steady amid talk of Tokyo lockdown

Japanese refiners are preparing to maintain their supply of oil products and refining operations even if Tokyo imposes a citywide lockdown to combat a spike in coronavirus cases, company and industry officials said Friday. The Japanese refiners’ readiness to ensure their stable oil products supply...

https://www.hellenicshippingnews.com/japanese-refiners-prepare-to-keep-products-supply-steady-amid-talk-of-tokyo-lockdown/

Permian production already a victim of oil price war, says GlobalData

Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the severe oil price fall; Adrian Lara, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view: “Of all the...

https://www.hellenicshippingnews.com/permian-production-already-a-victim-of-oil-price-war-says-globaldata/

Oil demand to plunge by 10.5 million bpd in March, more in April -Goldman Sachs (24)

Goldman Sachs expects oil demand to fall by 10.5 million barrels per day (bpd) in March and possibly by as much as 18.7 million bpd in April, the Wall Street bank said in a note dated March 25. “A demand shock of this magnitude will overwhelm any supply response including any potential...

https://www.hellenicshippingnews.com/oil-demand-to-plunge-by-10-5-million-bpd-in-march-more-in-april-goldman-sachs-24/

Oil industry, North Sea producers face ‘ugly times’ before recovery: MOL upstream chief

The upstream oil and gas industry faces “ugly times,” with the North Sea likely to come under pressure due to the coronavirus-induced price collapse, but consolidation and recovery eventually emerging, according to Berislav Gaso, upstream executive vice president at Hungary’s MOL. Speaking from...

https://www.hellenicshippingnews.com/oil-industry-north-sea-producers-face-ugly-times-before-recovery-mol-upstream-chief/