Insight
APAC Energy Buzz: Oil price crash - Where does Asia go from here?
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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
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- Close to $35 billion of upstream spend at risk in 2020-2022
What's included
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