The coronavirus outbreak in China and its spread around the world is crushing the oil and gas market. The only certainty we see ahead is a renewed period of uncertainty.
Many industry players around the world have already started implementing measures and budget cuts. No oil & gas company will be immune from the effect of the coronavirus. While some companies will merely feel the pain, others may not survive.
At this time innovative thinking, partnerships and meaningful collaboration will be required to help as many as possible to weather the storm.
Impact of COVID-19 on oil & gas market