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    No urgency to explore in West PHL Sea while pandemic depresses prices — academic

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    Date
    August 18, 2020
    Author
    Ang, Adam J.
    Metadata
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    Classification code
    BW20200818_S1/3
    Excerpt
    Weak oil prices during the pandemic serve as a disincentive to joint exploration with China in the West Philippine Sea, a maritime law expert from the University of the Philippines said. Jay L. Batongbacal, head of the University of the Philippines Institute for Maritime Affairs and Law of the Sea, said in a virtual forum Monday that although global oil demand is starting to pick up, prices remain low, undercutting the case for exploration. “With lower oil prices, (the) incentive to explore is not as high or not as urgent at this point,” he said.
    Citation
    Ang, A. J. (2020, August 18). No urgency to explore in West PHL Sea while pandemic depresses prices — academic. BusinessWorld, p. S1/3.
    URI
    http://hdl.handle.net/20.500.12174/9705
    Associated content
    Online version
    Subject
    Oil; Oil and gas exploration; Territorial waters; Disputes; University of the Philippines (UP); University of the Philippines Institute for Maritime Affairs and Law of the Sea; Batongbacal, Jay L.; Fuentebella, Felix William B.; China; West Philippine Sea
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    • BusinessWorld [666]

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