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Canada braces for oil cuts as storage nears limit

(Source: Oil Price, March 24, 2020) LONDON — The Covid-19 virus and the ongoing oil price war have created such a large global supply surplus that Western Canada’s oil production will need to be cut from April by some 11%, or 440,000 barrels per day (bpd), Rystad...

Giant LNG projects face coronavirus death or delay

(Source: OilPrice.com, March 17, 2020) NEW YORK — Plummeting oil prices have been the focus of attention ever since Saudi Arabia and Russia fired the first shots in what analysts see as a potentially devastating oil price war. Oil producers, however, are not the only...