Inpex slashes profit guidance and capex due to low oil prices

With Covid-19 impacting global demand, Japanese operator Inpex reveals it is reviewing its spending plans it downgrades profit forecasts

Tough quarter: Inpex chief executive Takayuki Ueda poses in front of his company's logo
Tough quarter: Inpex chief executive Takayuki Ueda poses in front of his company's logoPhoto: REUTERS/SCANPIX
Published 13 May 2020, 02:16Updated 13 May 2020, 04:19