Analysts note dark times for oilers, but H2 2020 could provide hope

AS the price of Brent Crude falls below US$20 per barrel and West Texas Intermediate dipped into negative territory last week, analysts are warning of more pain to come with crude inventories continuing to reach capacity and drill rigs becoming idle, but also a possible light at the end of the tunnel.

Analysts note dark times for oilers, but H2 2020 could provide hope Analysts note dark times for oilers, but H2 2020 could provide hope Analysts note dark times for oilers, but H2 2020 could provide hope Analysts note dark times for oilers, but H2 2020 could provide hope Analysts note dark times for oilers, but H2 2020 could provide hope

Oil price expected to recover by H2 2020

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.