ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Falling commodity prices deal blow to Asia's oil and metals companies

Companies, now expecting deficit, hold back on investment

Indonesia's state-owned oil company Pertamina will likely review its investment plans for the year.   © Reuters

TOKYO/SHANGHAI/JAKARTA/SINGAPORE -- As economic activity across the world ground to a halt this month due to the coronavirus pandemic, Asia's oil companies are facing their strongest challenge yet after being forced to revise down expectations.

JXTG Holdings, a key Japanese refiner and miner, and Japanese trading house Marubeni are both now expecting deficits for the year ended in March, as opposed to a rosier outlook earlier. Across the globe, the picture is the same for commodities companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more