Covid-19 has contributed to an unprecedented drop in oil and liquids demand, far below the levels expected for 2020. Now, the oil and gas industry is firmly in the grip of the decline and needs to anticipate the depth and duration of the trough. Bain’s Peter Parry, Dave Rennard, Jorge Leis and Michael Short share insights on how to manage that as well as how to identify the signposts that will signal cautious recovery.
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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.