The oil and gas industry is experiencing its third price collapse in 12 years. After the first two shocks, the industry rebounded, and business as usual continued. This time is different. Oil & Gas and Chemicals companies are in the midst of a two-pronged crisis: an oil price war and the impact of COVID-19. The current context combines the oil supply/demand imbalance occurring in tandem with the depressed need for oil and refined products stemming from industrial slow-downs and travel restrictions in the wake of COVID-19.
International Webinar “Covid-19 and Oil Economy” Report