Louise Bancroft, Group HR Director at Airswift, has commented on the UK's furlough scheme, focusing on the oil and gas sector, and how companies should best prepare for the upturn.
Norway has announced cuts to oil production between June and December this year.
Rystad Energy’s Head of Oil Markets, Bjornar Tonhaugen, has said that Norway's decision to cut production could be a good example for other producers outside OPEC+.
The IEA's Global Energy Review projects that energy demand will fall 6% in 2020 – seven times the decline after the 2008 global financial crisis.
A Rystad Energy analysis shows that global E&P revenues are now forecasted to fall by about US$1 trillion in 2020, a drop of 40% to US$1.47 trillion from last year’s US$2.47 trillion.