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Home > Energy Week > Episode 106 - Coronavirus recovery yet? | Nigeria wrecked by oil & COVID | Oil and economic waste


	Podcast:		Energy Week
	Episode:		Episode 106 - Coronavirus recovery yet? \| Nigeria wrecked by oil & COVID \| Oil and economic waste
	Category:		Government & Organizations
	Duration:		00:54:31
	Publish Date:		2020-04-28 05:00:19
	Description:		Is the fear factor too strong for an economic recovery even if economies start to open up? - stimulus matters - gov subsidizing fear Oil Slump, Coronavirus Create a Perfect Storm for Nigeria’s Economy https://www.wsj.com/articles/oil-slump-coronavirus-create-a-perfect-storm-for-nigerias-economy-11588000761 - Nigeria’s break even oil price is $133/barrel - Oil accounts for 60% of government revenue and 90% of foreign exchange - Was once number 1 country for pipeline theft. How much is that driving up break-even price? - Political ramifications of low oil prices will be amplified in Nigeria How the U.S. could use taxpayer dollars to save oil and energy companies https://mobile.reuters.com/article/amp/idUSL2N2CC2KF - Could the U.S. “nationalize” the oil industry? No, not likely - Could the U.S. gov bailout oil industry by getting equity state in oil companies and then selling it back? What Saudi Arabia Can Do to Lead Again on Oil https://www.bloomberg.com/opinion/articles/2020-04-23/coronavirus-3-things-saudi-arabia-can-do-to-lead-again-on-oil - Replace leadership at the top to try and restore market confidence in Saudi Arabia’s leadership When oil became waste: a week of turmoil for crude, and more pain to come https://mobile.reuters.com/article/amp/idUSKCN228059? - What will happen to midstream contracts if small companies go bankrupt or the assets are purchased by other companies? - Midstream companies might be in trouble Oklahoma asks Trump to declare coronavirus an 'act of God' to help oil producers https://www.reuters.com/article/us-oil-usa-oklahoma/oklahoma-asks-trump-to-declare-coronavirus-an-act-of-god-to-help-oil-producers-idUSKCN2280OR - declaring Force Majure on oil would allow leases to be maintain, but why don’t producers Just renegotiate with the land owners? - compare this to North Dakota which is issuing well wavers for 5,000 wells. Production could decline about 300,000 bpd. Russia's Tatneft cuts oil output ahead of OPEC+ amid lack of storage, poor demand: sources https://mobile.reuters.com/article/amp/idUSKCN2290Y0 South Korea Has Run Out of Commercial Storage Space for Oil https://www.bloomberg.com/amp/news/articles/2020-04-27/south-korea-has-run-out-of-commercial-storage-space-for-oil Global oil supply to fall 6% by 2030 due to delayed projects: data https://www.reuters.com/article/us-global-oil-supply-graphic/global-oil-supply-to-fall-6-by-2030-due-to-delayed-projects-data-idUSKCN2261LL DOE Announces Crude Oil Storage Contracts to Help Alleviate U.S. Oil Industry Storage Crunch https://www.energy.gov/articles/doe-announces-crude-oil-storage-contracts-help-alleviate-us-oil-industry-storage-crunch
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