April May Prove Worst Ever Month for Oil Industry - IEA's Birol

Noah Browning
Wednesday, April 15, 2020

International Energy Agency (IEA) Executive Director Fatih Birol said on Wednesday this month could prove the worst ever experienced by the oil industry.

"In a few years' time, when we look back on 2020 we may well see that it was the worst year in the history of global oil markets," Birol told reporters on a conference call after the IEA energy watchdog released its monthly report.

"During that terrible year, the second quarter may well have been the worst of the lot. During that quarter, April may well have been the worst month - it may go down as Black April in the history of the oil industry." 


(Reporting by Noah Browning; editing by Jason Neely)

Categories: Energy Industry News Activity Production Oil Price

Related Stories

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Shell Hires Noble’s Drillship for Work in Southeast Asia

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

Kazakhstan Looks to Improve Oil Production Agreements Terms

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

US Operator Finds Oil Offshore Vietnam

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Current News

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com