Amid the coronavirus outbreak that continues to expand, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to recent data by Norway-based research firm Rystad Energy. Meanwhile, coronavirus and LNG oversupply are expected to lead to lower gas prices.
Following revisions to its January forecasts, Rystad said that brent crude oil prices, earlier expected to average nearly $60 per barrel in 2020, are...
https://safety4sea.com/rystad-oil-and-gas-prices-to-fall-short-of-expectations-amid-coronavirus/