As predicted in Holland & Knight's Energy and Natural Resources Blog post on March 16, 2020, "Midstream Providers Can Prepare for the Next Wave of Restructurings," the dual impact of a COVID-19 demand slump and market pricing...more
Weakened demand for oil coupled with the coronavirus outbreak and Saudi Arabia's and Russia's crude production disagreement have caused steep declines in the oil markets. These price pressures have placed considerable stress...more
Even before coronavirus concerns, the slump in oil demand placed considerable financial stress on oil exploration and production companies. With Saudi Arabia and Russia unable to reach an agreement on crude production, oil...more