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.
