Last month, West Texas Intermediate crude dropped below $0.00 for the first time in history after weeks of low global oil demand as a result of the novel Coronavirus (COVID-19) pandemic and the Saudi Arabia-Russia price war....more
In the midst of the COVID-19 pandemic and plummeting oil prices, oil and gas operators are living through one of the most capital-constrained environments in memory. These developments, on top of what were already...more
The novel Coronavirus (COVID-19) pandemic has significantly affected global oil demand, as travel restrictions and social distancing measures continue. Beyond the vanishing demand, oil markets are also feeling the effects of...more