A roundup of news and commentary from NGI’s LNG Insight
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NGI The Weekly Gas Market Report
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector
A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.
NGI The Weekly Gas Market Report
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector
A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.
NGI The Weekly Gas Market Report
‘Big Cut Is Here,’ Says Yergin, as North American E&Ps Slammed by Coronavirus and Price War
The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.
Marathon Taking Frack ‘Holiday’ in Bakken, Eagle Ford as E&Ps Deal with Coronavirus Impacts
The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.
NGI The Weekly Gas Market Report
‘Big Cut Is Here,’ Says Yergin, as North American E&Ps Slammed by Coronavirus and Price War
The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.
Marathon Taking Frack ‘Holiday’ in Bakken, Eagle Ford as E&Ps Deal with Coronavirus Impacts
The energy sector was quick to take a red pen to the 2020 budget in March as the coronavirus turned into a pandemic and the price war continued overseas, but some operators are finding they have to cut deeper in the face of uncertain demand for oil and gas.
Benefits of Cheap Oil ‘Largely Theoretical’ Until Consumption Improves, Says Raymond James
Until people are traveling again, on the road or in the air, the economic benefits of cheap oil “remain largely theoretical,” as Covid-19’s hit to global demand is worse than the impact of the financial crisis, according to Raymond James & Associates Inc.
Benefits of Cheap Oil ‘Largely Theoretical’ Until Consumption Improves, Says Raymond James
Until people are traveling again, on the road or in the air, the economic benefits of cheap oil “remain largely theoretical,” as Covid-19’s hit to global demand is worse than the impact of the financial crisis, according to Raymond James & Associates Inc.
NGI The Weekly Gas Market Report
LNG Recap: Week Begins with Some Stability Following Stretch of Market Turmoil
There was a measure of calm in the liquefied natural gas (LNG) market on Monday following a week of oddities and record low prices across a world reeling from the coronavirus outbreak.