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Coronavirus to cut 2020 oil and gas investments by $30 bln -Rystad
March 2, 2020
Source: Reuters

Coronavirus to cut 2020 oil and gas investments by $30 bln -Rystad

Rystad Energy has predicted a drop in oil industry investments this year. “Our current assessment forecasts that COVID-19 could result in global exploration and production (E&P) investments falling by around $30 billion in 2020", said the head of Rystad’s oilfield service research. There is no clear sign as to when the effect of the epidemic will ease.

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