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APAC Energy Buzz: Oil price crash - Where does Asia go from here?

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17 March 2020

APAC Energy Buzz: Oil price crash - Where does Asia go from here?

Report summary

Coronavirus is already the most severe shock to hit the global economy since the financial crisis over a decade ago. Oil demand has gone into a tailspin as containment and fear rule the market. The response from the OPEC+ group is a price war between its two largest producers, pushing oil prices over a cliff. Energy companies across Asia Pacific are now grappling with how to respond to the scale of lost demand and the near-total uncertainty of how long and how severe the future effects will be. The dramatic re-setting of energy prices in the wake of the oil price crash now makes action imperative.

Table of contents

  • Upstream investment in Asia Pacific on hold
  • A shift back to survival mode will make 2020 FIDs challenging
  • The impact on existing Asia Pacific oil and gas production
  • How will national oil companies respond?
  • Asia’s refiners able to optimise crude supply, but a lack of demand means continued weak margins
  • Is there upside to LNG demand from low oil prices?

Tables and charts

This report includes 1 images and tables including:

  • Close to $35 billion of upstream spend at risk in 2020-2022

What's included

This report contains:

  • Document

    APAC Energy Buzz: Oil price crash - Where does Asia go from here?

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