Oil Search Sees 'Swings and Roundabouts' in Trade War

The video discusses ongoing resolution talks with the PNG government regarding a venture, highlighting progress in discussions. It examines the impact of weak oil and LNG prices, influenced by the trade war, on negotiations and market dynamics. The trade war's broader effects on global growth and oil prices are analyzed, with a focus on the US-China trade war's impact on oil search, presenting both challenges and opportunities.

What is the main challenge in the negotiations with the PNG government regarding the Total LED venture?

• Weak oil and LNG prices

• Lack of government support

• High construction costs

• Environmental concerns

How long are LNG contracts typically discussed in the video?

• 1-2 years

• 3-5 years

• 5-10 years

• 5-15 years

What is the expected trend for spot prices as the northern hemisphere winter approaches?

• Spot prices will decrease

• Spot prices will remain stable

• Spot prices will increase

• Spot prices will fluctuate unpredictably

What is one potential advantage of the US-China trade war for oil search?

• Higher oil prices

• Increased global growth

• Selling gas to China at an advantage

• Reduced production costs

How does the trade war affect the ability of oil prices to rise?

• It accelerates the rise

• It attenuates the rise

• It causes prices to fall

• It has no effect