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Coronavirus

Oil & Gas

Woodmac: Coronavirus and the impact on gas and LNG

As with all commodities, the impact of the novel coronavirus (2019-nCoV) on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak.

Opinion

Virus to slash Chinese LNG, but US tariff lift could save the day, Rystad says

The unseasonably warm weather in the northern hemisphere has undercut liquefied natural gas (LNG) demand and, combined with the steady rise of global supply levels, has resulted in record-low prices. Adding insult to injury, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.

Oil & Gas

Coronavirus threatens Karish development

Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.

Opinion

How can a virus affect the oil price?

Since mid-January, the Brent Crude oil price dropped about 10%, from $65 to $57 as of Friday morning. The reason for this is the outbreak of the new coronavirus in China. How can a virus affect the price of oil?