April May Prove Worst Ever Month for Oil Industry - IEA's Birol

Noah Browning
Wednesday, April 15, 2020

International Energy Agency (IEA) Executive Director Fatih Birol said on Wednesday this month could prove the worst ever experienced by the oil industry.

"In a few years' time, when we look back on 2020 we may well see that it was the worst year in the history of global oil markets," Birol told reporters on a conference call after the IEA energy watchdog released its monthly report.

"During that terrible year, the second quarter may well have been the worst of the lot. During that quarter, April may well have been the worst month - it may go down as Black April in the history of the oil industry." 


(Reporting by Noah Browning; editing by Jason Neely)

Categories: Energy Industry News Activity Production Oil Price

Related Stories

Akrake’s Sèmè Field Set for Early February Production Start as Drilling Wraps Up

Europeans Commit to Wind Energy Expansion Despite Trump Criticism

Grupo Carso Buys Out Lukoil in Ichalkil, Pokoch Oil Fields

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Equinor Extends Seadrill Drillship’s Stay off Brazil

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Subscribe for OE Digital E‑News