(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 ones suffering the consequences of this war, aggravated by the slump in demand from the coronavirus pandemic. There were 10 liquefied natural gas projects in the United States slated for approval last year but due to an already sizable glut and the U.S.-China trade war, many final investment decisions were pushed into 2020. Some of these projects might even be canceled if the situation doesn’t improve soon.
Full story: www.oilprice.com