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Last updateWed, 28 Oct 2020 4pm

End-User News

Deloitte: Historic Collapse in Energy Demand Due to COVID

According to Deloitte LLP, the spread of COVID-19 has disrupted global financial and commodity markets, as well as the U.S. oil and gas industry, now showing decline in energy demand without parallel. In an industry used to the highs and lows of economic and commodity price cycles, 2020 poses great challenges to oil and gas companies. While the facts on the ground are changing rapidly, Deloitte sees three key trends that could shape the rest of 2020, setting the ground for a challenging 2021 and a nascent recovery in the early-to-mid 2020s.

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