The severity of the credit impact of lower oil prices on oil- and gas-producing sovereigns will vary from country to country, driving divergence in their creditworthiness, credit rating agency Moody’s Investors Service said in a report
Industry
‘COVID-19, oil price war could derail two-thirds of project sanctioning in 2020’
The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project development plans for this year
High volatility creates opportunity for risk-resistant investors
The unpredictable Coronavirus and the proceedings of Saudi Arabia, which dramatically decreased global oil prices are the triggers of the sales fluctuations in the stock market
Supermajor Total suspends buyback programme
French energy group Total has announced the suspension of the buyback programme
Oil surplus to put global storage infrastructure in trouble: Rystad Energy
The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating an imbalance of around 10mn bpd
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