Oil demand, price uncertainty make upcoming US Gulf sale hard to predict

摘要

As demand for oil slows, producers slash upstream spending and theprice of crude is at levels not seen since 2016, offshore experts sayit's anyone's guess what upcoming US Gulf of Mexico Lease Sale 254will look like.The long-term nature of offshore sales, and the fact thatproduction from blocks won in Sale 254 won't be seen for severalmonths to several years, may suggest bidding volume may not changemuch from the 161 bids placed on 151 blocks in last August's auction,Mike Celata, US Gulf regional director for sale sponsor US Bureau ofOcean Energy Management, said.