Flu.Watch - Influenza News and Updates
Reports on the Coronavirus and Influenza Around the World
  • Home
  • Updates
Navigation:Main Page > Updates > The oil sector could face even more distress during coronavirus crisis as it struggles to draw investments

Breaking News

U.K. gets approval to infect healthy volunteers in world’s first coronavirus challenge trial
Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.
First coronavirus vaccines arrive in Gaza Strip following blockage by Israel
As Russia and China seek to boost their global influence, analysts warn vaccine diplomacy is here to stay

Updates

The oil sector could face even more distress during coronavirus crisis as it struggles to draw investments

EditorCNBCSeptember 16, 2020

SINGAPORE — Oil prices have plunged during the pandemic and the sector’s crisis could get worse as new investments are unlikely to flow in, experts said at an energy conference this week.

Pandemic-related movement restrictions stopped people from commuting and traveling, drastically reducing oil usage. Earlier this year, the May contract for U.S. benchmark West Texas Intermediate crude plunged deep into negative territory for the first time in its history. Overall, oil prices have dropped around 40% since the start of the year.

With the poor performance across the industry, analysts at the S&P Global Platts’ Platts Asia Pacific Petroleum Virtual Conference (APPEC) 2020 this week flagged that drawing investment to the sector would be a problem.

Who is going to fund our next investment cycle? Indeed, is anyone going to be incentivized to fund us? Returns on the E&P companies as an investment have been …continued .
[Source: CNBC News]

Related Posts

U.K

Updates /

U.K. gets approval to infect healthy volunteers in world’s first coronavirus challenge trial

Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.

Updates /

Belgian schools are open. But teachers, left off the vaccine priority list, are rethinking the risks.

First coronavirus vaccines arrive in Gaza Strip following blockage by Israel

Updates /

First coronavirus vaccines arrive in Gaza Strip following blockage by Israel

‹ Trump Scorns His Own Scientists Over Virus Data› COVID-19 in Children and Teens
March 2021
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Feb  

Flu Watch Monthly Archives

  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020

Browse by Popular Tag

Business InsiderBuzzFeedCBS NewsCenters for Disease Control and PreventionCNBCCNNFox NewsHuffington PostNew York TimesThe GuardianWashington PostWorld Health OrganizationYahoo News

Back to Top

  • Main Page
  • Updates
  • DMCA / Copyright
(c) 2020 Flu.Watch