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COVID-19 vs ASEAN Energy Sector: Oil & Gas

Zulfikar Yurnaidi and Silvira Ayu Rosalia

Wednesday, 6 May 2020

Key Points

    “Plunge in demand, supply glut, and plummeting price—even touching minus point—have made oil and gas market gloomy especially in ASEAN countries. Even so, some positive impacts may be felt by oil importing countries, while fuel price reduction to some degree can ease the social effect of COVID-19. Although this might be a signal of economic slowdown, optimism remains and keeps oil and gas sector afloat in this troubled period.”

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