Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have...more
2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism.
Originally published in The Weekly E&P Update Newsletter, December 22, 2020. ...more
12/24/2020
/ Coronavirus/COVID-19 ,
Debt Restructuring ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Exporters ,
Exports ,
Industry Consolidation ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Supply and Demand
The recent dramatic decline in oil prices was precipitated by an unprecedented drop in demand due to the COVID-19 pandemic played out against a backdrop of an already slightly oversupplied oil market. Oil prices have...more
In the wake of an unprecedented sell-off in the crude oil market, the only response to balancing global markets is to reduce supply.
How many times can you say "unprecedented?" The COVID-19 pandemic has resulted in a...more
Nearly two decades ago, the SARS epidemic began in China and spread to at least 20 other countries. Although it killed almost 800 globally, the economic impacts were felt mostly in China. This time, although the expanding...more