As with every industry, the oil and gas sector is facing unprecedented challenges and impacts as a result of the Covid-19 crisis. Planning for multiple different scenarios can provide a framework for companies to navigate the pandemic. Peter Parry, Jorge Leis, Michael Short and Dave Rennard, partners in Bain's Oil & Gas practice, explain how Covid-19 is affecting gas demand and share scenarios that companies can use to help plan for recovery and beyond.
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As the global pandemic deepens and the human cost of Covid-19 rises, the novel coronavirus outbreak is sending shocks through the world economy. But across industries, companies can take action now to protect their employees and customers and minimize the economic damage.