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Caspian response to low oil prices: can it cope with the crisis?

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03 April 2020

Caspian response to low oil prices: can it cope with the crisis?

Report summary

The landlocked Caspian region – from Azerbaijan to Central Asia – is known for its giant fields and high costs. Oil and gas are its economic, commercial and employment lifeblood. The current oil price crisis therefore brings unprecedented uncertainty, compounded by the impact of the coronavirus pandemic. The response of regional operators and governments must be quicker and sharper than the 2014-16 crash. Powered by our Lens platform, we share our initial views on how well the Caspian upstream sector will withstand the near-term shock and how this changes our outlook.

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