Raymond James Sees WTI Falling into $20s in 2Q on Covid-19, Price War

摘要

Extraordinary measures are con- tinuing to slam the oil and gas markets, as more North American producers, including EQT Corp. and EOG Resources Inc., are announcing cuts to spending while oil prices - and demand - are slaughtered. U.S. production is forecast to “bear the largest impacts” through 2021 from Covid-19 and the price war now ongoing between the Organization of the Petroleum Exporting Countries and former ally Russia, IHS Markit researchers said Monday.