Texas Delays Vote on Production Cuts to May 5
Texas hesitant to push forward on production cuts without coordinated effort and legal clarifications.
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Texas hesitant to push forward on production cuts without coordinated effort and legal clarifications.
The global pandemic is set to drag Africa economies into recession, with oil and gas producers hardest hit.
Up to 20 million barrels of oil per day could come off the market in combined efforts.
Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to see production decline.
The gas-condensate project offshore Mauritania and Senegal is set to be delayed until the first half of 2023.
The OPEC+ group will cut 10 million barrels of oil per day, but Mexico is yet to come on board. A G20 meeting will determine if other producers are willing to reduce output.
NJ Ayuk, CEO of Centurion, spoke to German international broadcaster, Deutsche Welle about the impact of the Coronavirus on international oil markets.
The country welcomed Russian participation in its energy sector during a ministerial meeting.
OPEC and its allies are likely to extend output cuts until mid-2020.
OPEC, Nigeria and Equatorial Guinea focus on developments in the oil and gas industry.
